Former Car Auctioneer, Dean Kruse, Surrenders To Authorities

By Scott Sarvay
By Corinne Rose
By Jeff Neumeyer

August 31, 2011 Updated Aug 31, 2011 at 5:32 PM EDT

AUBURN, Ind. (Indiana’s NewsCenter) - Former auction house owner Dean Kruse says there's no basis for the felony charge he's been tagged with.

Indiana's NewsCenter got an exclusive interview with the troubled businessman Wednesday as he surrendered to authorities.

Kruse turned himself in after noon, and posted $5,000 bond for release a short time later.

Accompanied by his lawyer, Kruse strolled into the Dekalb County Courthouse, in response to an arrest warrant issued out of Pennsylvania on a charge of theft.

We've reported in the past how Kruse got in financial trouble and had to sell his Auburn auction park, after being sued repeatedly for failing to pay consigners for cars sold at auction, or for not releasing titles to purchasers.

Prosecutors now allege Kruse auctioned an antique vehicle near Hershey Pennsylvania in 2008, but didn't turn over $38,000 owed to the seller.

“It's a pretty weak case in my opinion,” said Kruse as he made his way toward a police cruiser for transport to the jail.

"We don't know what the investigating officer or the prosecutor and the judge in Pennsylvania were told, but we believe it's simply not the truth,” said Margaret Grimm, Kruse’s lawyer.

“So, given the opportunity, we will vigorously defend Mr. Kruse in Pennsylvania."

A hearing is set for October 28th in Dekalb County to address extradition to Pennsylvania.

This is the latest in a series of legal problems for Kruse.

The state suspended his auction license last year because of complaints against him.

The warrant for Kruse's arrest comes as Auburn is gearing up for the annual fall auto auction and Auburn Cord Duesenberg Festival this Labor Day weekend.

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