A Lexington auto dealer forfeited more than $120,000 and pleaded guilty to violating a federal deposit reporting law under a plea agreement, according to court documents.
Mona Shalash, owner of Auto Select, LLC, at 568 East New Circle Road, made 48 deposits totaling $419,148 between Sept. 12, 2008, and June 7, 2011, in amounts small enough to avoid triggering a federal law requiring banks to report transactions of more than $10,000, the plea agreement said. Auto Select had an account at Lexington's Traditional Bank.
Auto Select routinely received cash payments for vehicles, the government said.
In addition to entering a guilty plea Tuesday in federal district court, Auto Select dropped its claim for $122,410 seized from its bank account.
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Auto Select was started by Shalash's father in 2002, according to court records. Shalash began working in auto sales for her father in 2007 before becoming a company bookkeeper. She made deposits for the company. In January 2010, Shalash assumed ownership of Auto Select.