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Wilmington auto finance company manager arrested

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WILMINGTON, NC (NEWS RELEASE) - The Brunswick County Sheriff’s Office along with the North Carolina Department of Insurance and Department of Motor Vehicles began investigating into a Wilmington company nearly two years ago that led to a recent arrest last week.

The Department of Insurance and DMV received numerous community complaints regarding fraud and possible predatory lending process stemming from a company, Time Finance Services. An investigation that was reported in December of 2009 in Brunswick County led to a cooperative effort from Sheriff’s Office Detectives, DOI and DMV Inspectors.

On Friday, May 27th the Brunswick County Sheriff’s Office North End Task Force, DOI and DMV executed a search warrant on Time Finance Services, located on Market Street in Wilmington. Investigators seized pertinent documents and items relevant to investigation. Branch Manager, Gregory Gurney, was arrested by Detective Ed Carter and transported to the Brunswick County Detention Facility. The investigation is ongoing and additional charges are pending at this time.

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tine finance

Good work law enforcement, but the big story is that the owner of this company was appointed by Basnite to serve on committee's in raleigh to help change legislature to change the interest rate of his and other finance company's so they could charge 58% interest on loans.

Police work

Investigation from December 2009 and just now making an arrest? Great police work! Way to use our tax money wisely!

Police Work

Way to space out the tax payers money. If it takes that long to make an arrest, thank goodness it wasn't a murder!!

Pathetic

I guess it's ok for big banks to practice predatory lending, but not the small lenders. Go arrest some of the corporate CEO's and make a real difference.