Former Honda exec gets 5 years in fraud case

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Honda dealers once treated him like a king, showering him with $250,000 cash bribes, jewels, real estate and cars in return for his favor. But last week, S. James Cardiges was led away in handcuffs by federal marshals to begin serving a five-year prison sentence, Automotive News reported. The former senior VP of sales at American Honda Motor Co. pleaded guilty earlier this year to taking "at least" $5 million from Honda dealers between 1979 and 1992, when he was forced to resign. Federal Judge Joseph DiClerico Jr. began handing out prison sentences last week to the 22 individuals convicted of defrauding Honda of more than $15 million.

Copyright August 1995, Crain Communications Inc.

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