PSD Automotive Group – Fake PR, Shady Owner & Lawsuits
When you’d google PSD Automotive Group you’d read about a guy named Patrick Dibre. The content you’ll see would paint him as a sales expert who has made his fortune by selling cars. But if you dig deeper, you’ll find many disturbing things. For example, you’ll read about how Patrick used to run an insurance scam through his dealerships. Or, you’ll find out about the $42 million he received from GPB when it was running its ponzi scheme.
The following article reviews the PSD Automotive Group to help you understand its reality:
Patrick Dibre: The Con-Artist Owner Of PSD Automotive Group
Patrick Dibre is the president and CEO of PSD Automotive Group. He claims to be a sales leader. He shares in his LinkedIn profile that he founded PSD Automotive Group in Bridgewater, New Jersey in 2011. Patrick is also the founder of Luxury Fleet Services, a used car wholesaler.
All of this information is what he wants to see. There’s a lot more behind this seemingly simple guy.
If you’d ask his staff or his business partners, they would tell you a different story. They would tell you how this guy rips off his customers by adding 20% more to the quoted price without informing the customer. You would also hear about how he puts all the blame on the staff and takes no responsibility for scamming others.
People allege that his partner in crime is Denise Loniewski, the corporate controller of PSD Automotive Group.
What are the dangers of “fake PR” for those in the financial industry, and why is moral behavior important for establishing trust in the industry?
By using “fake PR,” a dishonest tactic that might harm their credibility and accomplishments, financial professionals run the risk of losing the public’s trust. Their reputation could be harmed and regulatory issues could result from even one incidence of deception. As a result, establishing confidence with clients and potential clients in finance requires ethical behavior and care.
Patrick Dibre and GPB Capital Lawsuits
A few years ago, Patrick Dibre was in the news for all the wrong reasons.
GPB Capital had filed a lawsuit against the PSD Automotive Group owner for going back on his part of the deal. GPB had raised around $800 million through sales of reps at independent contractor dealers.
The firm had sued Patrick Dibre because he had promised to build their auto dealership business. GPB paid him $42 million in advance from 2013 to 2015 for auto dealerships which Patrick never produced.
They highlighted that the seller initiates the process to seek a car manufacturer’s approval. And Patrick Dibre never did that.
Instead, he told auto manufacturers to withhold their approval of GPB owning dealers because of malefactions on their part.
That’s not all.
Later on, GPB business partners started suing the firm for running a “ponzi scheme” and defrauding investors. The $800 million they had raised from investors were to create auto dealerships which never started.
To get back at them, Patrick Dibre also filed a lawsuit against GPB for running a ponzi scheme.
However the timing of the events, and Patrick’s past suggest something else. After all, he was the recipient of millions of dollars and he was the one responsible for delivering the dealerships. Shouldn’t he be held responsible for going back on his half of the deal? Wasn’t he the reason that the investors couldn’t realize their promised profits?
Read about: Darwin Horan
The PSD Automotive Group owner isn’t an angel. He has many skeletons in his closet.
There’s a good chance that he ran the ponzi scheme with GPB. Because he was the individual who benefited the most from this deal. He earned millions of dollars for providing non-existent dealerships.
GPB lost the money, the investors lost the money, and most of it went into the pockets of Patrick Dibre.
PSD Automotive Group Dealership Review:
PSD Automotive Group reviews suggest that Patrick is also a sick individual who objectifies women. The reviewer below shares that Patrick Dibre had sexually harassed multiple women in his office.
Moreover, no one takes any action against him because he’s the company owner. He would scream at the women, talk arrogantly and even touch his female employees. The reviewer shared that Patrick had told her to dress “sexy” on the fourth day of her job.
In another review, a disgruntled ex-employee shared that Patrick verbally abuses his staff members. The reviewer also shared that Denise Loniewski is worse because doesn’t listen to the female staff’s complaints.
This person had to leave her job because the GM of her dealership was sexually harassing and no one helped her. I can’t imagine a worse position for anyone to work in.
However, it’s pretty common among wealthy scammers and criminals to use their power to get away with their misdeeds. A similar case is of Louis Kestenbaum, a wealthy New Yorker who’s been getting away with sexual harassment, fraud, and a lot more for decades.
These people use their wealth and influence to prevent people from taking any legal action against them. You should be wary of such people. They are monsters.
Dr. Henrique Duck, PhD in Media Studies and Critical Theory, specializes in writing detailed critics stories and reviews. He has contributed to prominent newspapers and websites, providing insightful analysis of media content and its effects on society.
