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State investigating American Auto Auction closing | News

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State investigating American Auto Auction closing

Employees of Chesapeake Auto Auction complained when it shut down without paying them. The state is now investigating. The company closed down without any notice last week.

Mac Byrd says owner Steve Yancoskie finally paid him this week for the work he did before the business shut down last week. Many of his former co-workers are still waiting to be paid.

Former workers packed the parking lot waiting for their paychecks, but the money wasn't there.

According to Yancoskie, he has paid 19 employees in full, four partially, and seven have nothing at all. He says everyone will be paid in full by this Friday.

Yancoskie also has a DMV investigation against him.

Officials there say they've received at least 60 calls from former customers who say "American Auto Auction sold a vehicle for them and they have not gotten paid, or they bought a vehicle from American Auto Auction and they have not received the title".

NewsChannel 3 also learned the Connecticut DMV investigated Yancoskie's American Auto Auction company there for the exact same thing.

A Connecticut judge ordered him to pay 1.8 million to an Indiana car dealer after checks he wrote to them bounced.

A former employee who stayed on to help Yancoskie believes he is doing the best he can. "He has been true to his word thus far and I have no reason not to believe him," says the former employee.

Byrd still can't believe he is out of a job and doesn't know how he will make it from here on out.

Byrd says, "It just wasn't fair."

Yancoskie says he is still working to get car titles for customers. The DMV is still fielding complaints for their investigation.Customers can contact them at 757-455-0881.


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