Feds indict Fort Myers auto dealer

FORT MYERS — Federal prosecutors indicted Roger Eugene Hagood, 43, alleging 13 counts of bank fraud and two counts of obstruction of justice.

According to a statement from the U.S. Attorney's office, Hagood operated Coral Palm Auto Sales and allegedly kited checks totaling about $1.6 million. Prosecutors also allege Hagood tried to destroy and conceal documents in connection with the scheme.

In the statement, prosecutors contend Hagood wrote 13 worthless checks in November and December 2011, when he knew his business checking account had insufficient funds. In addition, prosecutors allege Hagood tried to destroy documents on March 29 as federal agents were investigating him.

Hagood faces a maximum penalty of 30 years in prison for each bank fraud count and 20 years for each obstruction of justice count if he's convicted.