Honda Car Dealer Indicted for Bribery; Hendrick Allegedly Gave Lavish Gifts for Autos

From: The Washington Post | Date: December 5, 1996| Author: Sharon Walsh | Copyright information

Joseph R. Hendrick III, the country's largest car dealer, has spent millions to sponsor stock car racers, start basketball teams and buy jet airplanes. Yesterday, the government said he also used his money in a conspiracy that involved bribery, money laundering and mail fraud.

A federal grand jury in Asheville, N.C., indicted Hendrick, 47, who is known as "Rick," on charges of bribing former executives of American Honda Motor Co. for more than 10 years to get more Honda dealershi...

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