In Business This Week
WERE VALUE CARS LESS THAN A BARGAIN?
Did the former owners ef Value Rent A Car gouge customers who returned cars with less than a full tank of gas or banged them up in accidents? That's what a federal grand jury in Fort Lauderdale, Fla., charges. The panel on Jan. 8 indicted Sidney Cohen and his sons, Jeffrey and Steven, on charges of defrauding customers with bogus gas and repair bills. All three pleaded innocent. The Cohens sold Value to Mitsubishi Motor Sales of America for $64 million in 1990.EDITED BY HARRIS COLLINGWOOD