The owner of Gebhardt Trailer Sales in Jacksonville, Ill., was sentenced Monday (Oct. 31) to serve nine years in federal prison and pay more than $4.5 million in restitution for mail fraud and money laundering, according to a report in the State Journal Register.
Jacklyn Still, previously known as Jacklyn Gebhardt, 49, admitted in March that she had sold or borrowed money on motorhomes and trailers she didn’t own. Even after her guilty plea, however, Still violated terms of her bond by selling two vehicles, buying a boat and falsifying paperwork, the U.S. attorney’s office in Springfield said Monday.
Still’s guilty plea in March stemmed from her accepting motorhomes on trade based on the representation that, as part of the trade, the loans securing the motorhomes would be paid off. Still resold the motorhomes without paying off the original loans, leaving two parties responsible for loans secured by a single vehicle.
Still also admitted that on several occasions between July 2008 and February 2010, she sold consignment vehicles, but did not turn over the proceeds to the owners or pay off previous liens.
On at least two occasions, after she sold a motorhome and secured financing for the purchasers, she then contacted the purchasers and told them she had located more favorable financing from a second institution.
Still sent the new financing forms to the purchasers. When they sent the forms back, she forwarded them to the financial institution and received the money for the second loan. Instead of paying off the first loan, however, Still kept the money.
The State Journal Register reported that Still also had a line of credit with a Jacksonville bank that advanced her approximately $1.8 million for motorhomes or trailers. Bank representatives inspected Still’s inventory several times, but Still told the representatives that the collateral was at another location, that potential buyers were testing the units, or that an out-of-state company was customizing the units. In fact, she had sold the vehicles without paying the bank as promised, prosecutors said.
Sharon Paul, spokeswoman for the Department of Justice in the Central District of Illinois, said investigation found that Still had defrauded people of about $4.5 million.
In May, after her guilty plea, Still falsified paperwork on the sale of a $31,000 truck and purchased a boat that she titled in the name of her husband. In June, Still — who at one time operated the former Midstate Dragway in Havana — sold a racecar to someone for $8,250. One of her bond conditions was that she could not transfer property without the consent of the U.S. attorney’s office.