BOERNE — The owner of Hovey Motorcars and his son pleaded guilty Thursday to multiple first-degree felony charges stemming from a probe into allegations they defrauded or stole thousands of dollars from customers.
Judge Kirsten Cohoon of the 451st state District Court Aug. 6 accepted the guilty plea from Richard Dean Hovey Sr. to the first-degree felony offenses of misapplication of fiduciary property valued at $300,000 or more and theft of property valued at $300,000 or more.
His son, Richard Dean Hovey Jr., pleaded guilty to the first-degree felony offense of theft of property valued at $300,000 or more.
By entering guilty pleas, both men waived their right to a jury trial.
Cohoon is expected to hand down their sentences Jan. 14 at the Kendall County Courthouse.
The charges stem from a nearly yearlong investigation into the luxury car dealership conducted by the Boerne Police Department involving multiple victims and numerous reports filed over several months.
According to investigators, the Hoveys were accused of orchestrating a scheme to unlawfully obtain money connected to vehicles sold or consigned through the dealership without the owners' permission, intending to retain the proceeds for themselves.
Police said the scheme involved $300,000 in stolen funds.
Investigators also accused the pair of misusing property—including vehicles, vehicle titles and U.S. currency—valued between $30,000 and $150,000.
Hovey Motorcars was established in 1998 and specialized in high-end automobiles. The dealership relocated to Boerne in 2018.
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