A Mooresville man is accused of taking $10,000 from a person he planned to
Jeffery Chaz Hovis, 24, was arrested earlier this month on charges of obtaining property by false pretense. He was jailed under a $5,000 bond but was no longer in custody on Friday.
Hovis was arrested more than five months after the Iredell County Sheriff’s Office began investigating a fraud report. According to authorities, the victim and Hovis had planned to sell used cars and both agreed to deposit $10,000 into a company bank account.
But the victim told authorities that Hovis never deposited his share of the money, and had withdrawn the victim’s money over the course of three months, according to a press release from the sheriff’s office. The suspect had claimed he was using the money to buy vehicles for sale, but no money was ever put back into the account.
The sheriff’s office said Hovis hasn’t produced any documents to show that any vehicles had been bought or sold.
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