Morgan Auto Group Faces Whistleblower Complaint Over Deceptive Practices

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: 55 minutes ago

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Source: Globenewswire

Whistleblower Complaint: Former Finance Director Jason Mirabito has filed a complaint against Morgan Auto Group, alleging deceptive practices like 'payment packing' at Florida dealerships, which misled customers and could severely damage the company's reputation and customer trust.
Unethical Practices Exposed: The complaint highlights the sale of 'useless warranty agreements' and other financial products, indicating a moral failure driven by profit motives that may lead to legal repercussions and customer attrition.
Management Response: After uncovering serious accounting deficiencies, Mirabito requested an audit but was terminated, demonstrating the company's strong resistance to internal whistleblowing, which could trigger broader legal and compliance issues.
Consumer Alert: Counsel advises Florida car buyers to closely review their purchase documents for potential overcharges, further harming Morgan Auto Group's market image and customer base.

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Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.