A used car salesman banned for nine years after failing to pass on 750,000 to customers from the sale of 47 vehicles.
Steven Edwin Prosser (60), from Broxbourne, Hertfordshire, was appointed a director of Sell Your Car With Us in May 2016. The company sold used cars and traded from premises on Hare Street in Buntingford, Hertfordshire.
Three years later, Sell Your Car With Us entered into liquidation in September 2019. The companys insolvency triggered an investigation by the Insolvency Service.
The Insolvency Service issued a statement, which said: Sell Your Car With Us entered into agreements with customers to sell their vehicles for a commission before paying the customers within 14 days of the completed transaction.