Transcontinental Warranty: Execs Land in Prison

Quick Answer: Two former Transcontinental Warranty executives received five-year prison sentences and $15,000 fines for defrauding customers out of $40 million through fake auto warranties. Christopher Cowart and Cris Sagnelli used robocalls to falsely claim affiliation with auto manufacturers while selling third-party service contracts instead of genuine warranty extensions.After pitching $40 million in fake auto-service …

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