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:
“Our God, our help in ages past,
Our hope for years to come;
Be thou our guard while troubles last,
And our eternal home”
—Isaac Watts (1674–1748)
“When there are no troubles in the world, fools will create them.”
—Chinese proverb.
“It is quite a common and vulgar thing among humans to understand, foresee, know and predict the troubles of others. But oh what a rare thing it is to predict, know, foresee and understand one’s own troubles.”
—François Rabelais (1494–1553)