Troubles
Moran pled guilty to tax evasion in 1984. He insisted that he had been given bad advice and it was not intentional. He was fined $35,000, put on probation, and created a training facility for disadvantaged youth (see Philanthropy, below).
A number of Toyota dealers filed suit against JMFE alleging that they were coerced into doing business with other JMFE companies in order to receive the most desirable Toyota models. Eventually, all the lawsuits were dropped after a settlement was reached.
In the late 1980s, SET was accused of denying dealership franchises to blacks who met the distributor's requirements. In 1992, a congressional hearing was held to investigate possible discrimination. In response, JMFE began the yearly African-American Achievers Awards.
Read more about this topic: Jim Moran (automotive)
Famous quotes containing the word troubles:
“The troubles which have come upon us always seem more serious than those which are only threatening.”
—Titus Livius (Livy)
“When a man laughs at his troubles he loses a good many friends. They never forgive the loss of their prerogative.”
—H.L. (Henry Lewis)
“The price of telling your troubles is having to listen to advice.”
—Mason Cooley (b. 1927)