CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Florida Body Shop Owner Pleads Guilty to Bank Fraud

Florida Body Shop Owner Pleads Guilty to Bank Fraud

May 28, 2025 By CollisionWeek Editor

A Lakeland, Fla. auto body shop owner pleaded guilty to bank fraud after operating a scheme that defrauded financial institutions of more than $180,000 over two years, federal prosecutors announced earlier this month.

US DOJ sealAbraham Othman Yacoub, 27, faces up to 30 years in federal prison. A sentencing date has not been scheduled.

From January 2021 to February 2023, Yacoub made fraudulent deposits and withdrawals through his companies, Visionary Auto Body LLC and Visionary Auto Care LLC, at banks throughout the Middle District of Florida, according to his plea agreement.

Court documents show Yacoub deposited the same checks into multiple business

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Florida, Fraud, Lawsuits

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference ASE Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Used Vehicle Value Index Rises 4% in February Compared to Last Year March 9, 2026
  • NORTHEAST 2026 Adds Mechanical Repair Classes to Education Program March 9, 2026
  • Iowa Attorney General Sues General Motors Over Unauthorized Driving Data Collection and Sale March 9, 2026
  • Motor Age Training Named First Officially Licensed ASE Test Prep Partner March 9, 2026
  • New Light-Vehicle Sales Hit 15.8 Million Unit SAAR in February March 6, 2026
  • California Approves State Farm’s 6.2% Auto Rate Reduction March 6, 2026
  • New Hampshire Drivers See Auto Insurance Rate Cuts From Major Carriers March 6, 2026

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in