Sales manager charged with embezzling $250,000 from Las Vegas car dealership
LAS VEGAS, Nev. (FOX5) – A sales manager at a Las Vegas auto dealership is accused of embezzling $250,000 from the business because he had a gambling problem, according to a warrant from the Las Vegas Metropolitan Police.
Michael Sims, 51, is accused of embezzling money from Cardinale Way Acura at 7000 W. Sahara Ave. from 2020. Sims was hired by the dealer in December 2019.
On March 19, 2021, the dealership’s general manager filed a report with the police about Sims, saying he had investigated Sims for embezzlement. The general manager said Sims took cash deposits, wrote receipts in a receipt book and kept the cash, according to the report. Customers had receipts for cash payments, but not the computer; some cars were sold but marked as unsold in the computer, according to the report.
Sims eventually admitted hiding the contracts, the chief executive told police, and Sims said “he’s screwed up his whole life,” the report said. The general manager fired Sims soon after.
In total, the Cardinale Way Acura dealership lost more than $255,000, according to the report.
Sims told supervisors he stole the money “because he had a gambling problem,” the report said. Records with Golden Gaming showed The Sims gambled around $35,000 at PT bars across the region in three months.
Sims provided 10 car sales he stole and said he had more hideouts at home; eventually, he closed 14 more sales deals from which he stole money, according to the report.
After being fired, Sims allegedly contacted some clients to try to work out deals, according to the arrest warrant. Sims did not respond to police when they attempted to question him last June.
Sims was arrested on May 12, 2022 at St. Rose Siena Hospital after being in a car accident and was admitted.
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