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Auto mogul Denny Hecker released from prison after more than 7 years

The Twin Cities car dealer magnate defrauded lenders out of millions of dollars.

Former Twin Cities auto mogul Denny Hecker has been released from prison after serving more than seven years.

The Federal Bureau of Prisons confirmed that the 66 year old, formerly of Medina, was released on Tuesday, having been sentenced to serve 10 years in prison for fraud in 2011.

He had been moved multiple times during his incarceration, which included a period of 14 months in which he was shifted to 9 different facilities.

Most recently he had been staying in a halfway house in Minneapolis, KSTP reports.

Hecker was convicted of bankruptcy fraud and for lying to creditors stemming from his former Twin Cities auto empire, which included more than two-dozen car dealerships and the Advantage Rent-A-Car chain.

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At one point he owed creditors up to $1 billion, with the Star Tribune reporting in 2009 he blamed the financial downturn for his company's woes.

As his businesses floundered, Hecker defrauded Chrysler Financial and other lenders out of millions of dollars to continue his "extravagant" lifestyle.

He had originally been slated for released in 2019, and a specific reason for his earlier release hasn't been given, but the Associated Press previously reported that the completion of a rehab program would shave a year off his sentence.

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