MINNEAPOLIS (AP) — Disgraced former Minnesota auto dealer Denny Hecker has been released from a Minneapolis re-entry center after more than seven years in federal custody.
The 66-year-old Hecker was released Tuesday. He was sentenced in 2011 after pleading guilty to bankruptcy and wire fraud.READ MORE: Texas Public Safety Officials Give Update To Uvalde School Shooting
At one point, Hecker owned 26 car dealerships and a car rental agency, but his financial success took a turn during the Great Recession as the economy struggled and car sales decreased.READ MORE: Police: Richfield H.S. Student Voluntarily Comes Forward After A Threat Cancels Classes
Hecker filed for bankruptcy in June 2009, when he owed $767 million. Prosecutors say he took tens of millions from auto lenders, including Chrysler Financial, to live an opulent lifestyle.MORE NEWS: Next Weather: It's A Top 10 Weather Day Friday, Severe Storms Possible Sunday
(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)