Three individuals have admitted to federal charges related to an auto loan fraud scheme amounting to nearly $350,000. Willie Roy Carter, 75, entered a guilty plea in the U.S. District Court in St. Louis for bank fraud and mail fraud. Kizzie Davis, also known as Kizzie Lofton, 46, pleaded guilty on October 31 to mail fraud. Her husband, Charles Davis Jr., 57, pleaded guilty on October 24 to bank fraud and mail fraud.
The fraudulent activities occurred between July 23 and August 1 of 2018. Carter, with assistance from Charles and Kizzie Davis, submitted false purchase and loan documents for auto loans. Although Carter claimed ownership of vehicles through City Limits Auto Sales—a business registered by Charles Davis in Missouri—he neither owned nor intended to buy them. The checks from these loans were handed over to Charles Davis for deposit.
To maintain the appearance of legitimacy, Kizzie Davis purchased money orders for monthly payments and sent them via the United States Postal Service from Florida to lenders in Missouri. This tactic aimed to mislead financial institutions into believing the transactions were genuine.
In total, nine loans amounted to approximately $345,444. Additionally, Carter acknowledged incurring $10,396 on two credit cards without repayment.
Sentencing dates are set for January 28, 2025 for Charles Davis; February 13, 2025 for Kizzie Davis; and five days later for Carter. Each charge of bank fraud and mail fraud carries a potential sentence of up to 30 years imprisonment or a $1 million fine or both.
The U.S. Postal Inspection Service conducted the investigation with Assistant U.S. Attorney Linda Lane prosecuting the case.
