Miles Eglin, 45, is said to have made four failed payments to Aston Barclay Westbury during a three-week period last year – this amounts to a loss of roughly £53,000 for the company.
Eglin from Shaw Hill, Melksham, pleaded guilty to a charge of fraud when he appeared at Swindon Crown Court last week.
According to This is Wiltshire, defendant Chris Smyth said: ‘When he wrote the first cheque he thought funds would be coming in. He accepted the position changed when he wrote the third and fourth.
‘The second, he said he thought funds would still come in and accepts it was a rather foolish thing to put in.’
Smyth said there had been examples in the past of people paying sums as large as £60,000 into the account. He also said that Eglin would often buy cars knowing he already had purchasers for them so it was not unusual for these funds to come in.
Adjuring the case, recorder Michael Bowes QC said ‘I am certainly going to order a pre-sentence report: All options are to remain open.’
Eglin has been released on conditional bail to October 18 when he is due to face sentence.