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The FBI called the punishment assigned after the guilty verdict "a stark reminder that this level of greed comes with an even bigger price to pay."
The ex-Kia dealer from Oklahoma was also forced to forfeit over $1 million after being convicted of wire fraud related to auto loans
Bobby Chris Mayes and two co-defendants were accused of falsifying customers' loan applications and bribing at least one loan officer.
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On Friday former Norman car dealership owner Chris Mayes was sentenced to serve nearly 11 years in federal prison.