Tesla thief pleads guilty to five felonies in federal court - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Regulation News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Regulation News RSS Get our newsletter
Order Prints
October 13, 2023 Regulation News
Share
Share
Post
Email

Tesla thief pleads guilty to five felonies in federal court

Manchester Journal (VT)

ONOGHUE Vermont News & Media correspondent

RUTLAND - A Chittenden County man, who made international news when he stole five Teslas valued at over $600,000 in 2018 and 2019, was sentenced in federal court in Rutland on Wednesday to 48 months in prison.

Michael A. Gonzalez, 34, fraudulently obtained the five Teslas valued at about $607,000 from car dealerships in New York, New Jersey, Massachusetts and Florida and had them brought across state lines to Vermont in 2018 and 2019.

One Tesla was destroyed during a suspicious fire after he drove it onto a frozen portion of Shelburne Bay on Lake Champlain in February 2019, the U.S. Secret Service has said. Gonzalez torched the luxury car when he was unable to sell it, records show. An insurance claim to GEICO was denied when Gonzalez failed to appear - twice - to give his statement under oath, records show.

Gonzalez was scheduled for a jury trial earlier this year, but he opted to plead guilty to all five felony counts without negotiating a plea deal with the U.S. Attorney's Office. Each charge carried a possible 10-year prison sentence.

Chief Federal Judge Geoffrey W. Crawford told Gonzalez during the sentencing that once he is discharged from prison he will be under three years of supervised release conditions monitored by the U.S. Probation Office.

Crawford ordered Gonzalez to pay $493,044 in the remaining restitution to Tesla. The judge also ordered Gonzalez to forfeit $231,900 to the government for the gross proceeds Gonzalez received from selling three of the stolen cars.

Gonzalez will get credit for about 12 months he has been detained since violating his release conditions by testing positive at least four times for cocaine between March and August 2022 and never telling his probation about five interactions with police in 2022, records show.

Chief Assistant U.S. Attorney Michael P. Drescher maintained, in court papers, that the Federal Sentencing Guidelines made clear that a prison term of at least 51 months was proper.

Defense lawyer Chandler Matson countered that he thought a time served sentence - since his detention in October 2022 - was proper.

Drescher said Tesla was not the only victim of Gonzalez's crimes. He had placed others in danger, including Shelburne Volunteer Fire Department, when they had to go out onto the ice to battle the car fire, Drescher said. He added it was fortunate for the environment that the Telsa did not go through the ice.

Older

Donald Trump expected back in NYC next week for fraud trial, where he’ll face Michael Cohen, source says

Newer

Illinois man pleads guilty to making false statements to get COVID-19 relief money

Advisor News

  • SEC in ‘active and detailed’ settlement talks with accused scammer Tai Lopez
  • Sketching out the golden years: new book tries to make retirement planning fun
  • Most women say they are their household’s CFO, Allianz Life survey finds
  • MassMutual reports strong 2025 results
  • The silent retirement savings killer: Bridging the Medicare gap
More Advisor News

Annuity News

  • Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
  • Rethinking whether annuities are too late for older retirees
  • Advising clients wanting to retire early: how annuities can bridge the gap
  • F&G joins Voya’s annuity platform
  • Regulators ponder how to tamp down annuity illustrations as high as 27%
More Annuity News

Health/Employee Benefits News

  • ELLMAN BILL PROTECTS ACCESS TO HEALTH COVERAGE, PREVENTS DENIALS OVER PAST-DUE PREMIUMS
  • Blue Cross Blue Shield of Wyoming CEO Gore announces retirement; Urbanek to take lead
  • Wellpoint taps Rachel Chinetti as president
  • Proposed changes to MA and Part D would harm seniors’ coverage in 2027
  • Pan-American Life Insurance Group Reports Record 2025 Results; Premiums Reached $1.86 Billion and Net Income Totaled $110 Million as Company Enters Its 115th Year
More Health/Employee Benefits News

Life Insurance News

  • Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
  • LIMRA: Individual life insurance new premium sets 2025 sales record
  • How AI can drive and bridge the insurance skills gap
  • Symetra Partners With Empathy to Offer Bereavement Support to Group Life Insurance Beneficiaries
  • National Life Group Ranked Second by The Wall Street Journal in Best Whole Life Insurance Companies of 2026
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • RFP #T25521
  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet