United States v. Ronald Dale Cole, 1:07-CR-284 (N.D. Ga.)
Most recent update 3/30/09 (See end of document)
On May 30, 2008, Ronald Dale Cole pled guilty to an information charging him with two counts of resetting and altering an odometer in violation of 49 U.S.C. §§ 32703(2) and 32709(b). The Information charges that Cole purchased and sold motor vehicles in Buford, Georgia, and elsewhere, using the name Ronnie Cole, Inc. As part of his plea, Cole admitted that he had been responsible for odometer fraud that had harmed at least fifty people. Sentencing was set for August 19, 2008.
On August 18, 2008, Judge Richard Story granted defendant's motion to continue his sentencing. Judge Story requested briefing from the government and Cole regarding the appropriate method of calculating loss under the U.S. Sentencing Guidelines.
Judge Richard Story set Ronald Cole's sentencing for October 7, 2008, at 10:30 a.m.
Judge Story changed the sentencing date for Ronald Cole and it is now set for Tuesday, October 14, 2008, at 3:00 p.m. in Atlanta, Georgia.
On October 14, 2008, Ronald Dale Cole, 55, of Buford, Georgia, was sentenced for his role in an odometer tampering scheme that involved numerous victims. In May 2008, Cole pled guilty to a criminal information charging him with two counts of odometer tampering. Cole admitted to purchasing high mileage vehicles at auto auctions in Georgia and South Carolina, rolling back the odometers, and reselling the vehicles at other auto auctions. In Cole’s plea agreement, he admitted that his odometer tampering scheme involved over fifty victims. At sentencing, the Court found that the loss the defendant caused should be based on 56 victims multiplied by the average difference between Cole's purchase price and the price paid by retail consumers after he altered the odometer. Judge Richard W. Story then sentenced Cole to 18 months in prison, followed by one year of supervised release. The first six months of Cole's supervised release will consist of home detention. Judge Story found that Cole caused an average loss of approximately $3,418 per victim and ordered Cole to pay $191,395 in restitution. Under federal law, restitution is ordered without regard to the ability of the defendant to pay. For more details on Cole's scheme and sentencing, see DOJ Press Release, dated October 17, 2008.
No change in status.