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 Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations 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

  • New York Budget Agreement Includes Auto Insurance Reforms May 12, 2026
  • Women’s Industry Network Names Laura Kottschade Chair for 2026-2027 Board May 12, 2026
  • Crash Champions Sets 60-Day Target to Hire 300 Body Technicians May 12, 2026
  • Mirka and 4Plastic Form Partnership to Advance Plastic Repairs May 12, 2026
  • GM-UMTRI Study Finds Advanced Driver Assistance Features Cut Injury Crashes by 14% to 57% May 11, 2026
  • I-CAR Volunteer Committees Have Raised $727,200 since 2001 for 67 Collision Schools Through Collision Repair Education Foundation May 11, 2026
  • PRP Northeast Recyclers Rebrand as Autoly May 11, 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