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Ken Zangara

AKA Kenneth B. Zangara

Born: c. 1952
Birthplace: Roswell, NM

Gender: Male
Religion: Baptist
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business
Party Affiliation: Republican

Nationality: United States
Executive summary: Albuquerque car dealer

Zangara Dodge engaged in "deception or fraud" when it failed to pay off cars and trucks it took as trade-ins, the Attorney General's Office said in asking the dealership be held in contempt of court.

In a motion filed in district court Wednesday afternoon Assistant Attorney General William Keller described the sales practices of Ken Zangara's now-closed dealership as "an automotive Ponzi scheme." The civil-court motion requests a show-cause hearing where Zangara would have to show why the dealership is not in violation of an earlier court agreement.

The dealership for an unknown period of time diverted money intended for current obligations to pay for older transactions until the scheme collapsed, according to Keller's motion.[1]


[1] Dave Bohman, Zangara ran auto Ponzi scheme, AG says, KRQE Albequerque, 25 March 2009.

Brother: Jim Zangara
Wife: Kathy (m. 1978, three children)

    High School: Roswell, NM
    University:
University of New Mexico

    B. H. Capital Limited Vice President of Structured Finance (2009-)
    Member of the Board of Auto Star Dealer Network (2009-)
    Chrysler Dodge National Dealer Council (17 years), Chairman (2003)
    Bush-Cheney 2000
    Bush-Cheney '04 New Mexico Finance Chair
    George W. Bush for President
    JD Hayworth for Congress
    John McCain 2008 New Mexico Finance Chairman
    Rudy Giuliani Presidential Committee
    Swift Boat Veterans for Truth
    Bush Pioneer 2000
    Bush Pioneer 2004 Ranger
    Dubya Ranch Hand
    Dubya Nickname Kenny


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