Upate: Fulk made his initial appearance on Thursday and was advised of charges/maximum penalties. A plea of not guilty was accepted. A trial date was set for September 9^th. Fulk was released on conditions of pretrial release. A plea entry deadline was set for August 23^rd.

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Documents filed in the U-S District Court for the Southern District of Iowa say an Atlantic businessman is set to make his initial appearance and be arraigned 10-a.m. Thursday in Council Bluffs, on three counts of Wire Fraud and 15 counts of Odometer Fraud.

According to court documents, beginning on an unknown date, but as early as October 2015, and continuing to about September 2016, Larry Scott Fulk, of Atlantic, and others, devised a scheme to defraud as to material matters and to obtain money and property by means of materially false and fraudulent pretenses, representations and promises, and by intentional concealment of material facts.

The documents indicate that as part of the scheme, Larry Scott Fulk would purchase vehicles on behalf of 2nd Street Repair. He would then remove the odometer clusters from these vehicles and replace them with lower mileage odometer clusters. Afterward, Fulk would post and advertise the vehicles with false odometer clusters for sale on Craigslist on behalf of 2nd Street Repair, at an inflated price.

Craigslist servers are located in San Francisco, California, and Ashburn, Virginia. It was also alleged that Fulk would sell the vehicles with the false odometer clusters to individuals in Iowa, in exchange for money.