U.S. Indictment in Lexington, Kentucky of International Fraud Operation Involving the Sale of Non-Existent Cars

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Friday, February 1, 2013
Author: 
Bruce Zagaris
Volume: 
29
Issue: 
2
Abstract: 
  On August 21, 2012, in the U.S District Court’s superseding indictment was filed against seven individuals, charging them with a conspiracy to defraud persons into buying non-existent automobiles.  The fraud had a large transnational element in that the alleged perpetrators used foreign passports to open U.S. and foreign bank accounts and then, after defrauding U.S. customers, transferred the money abroad.[1]