USA ONE PAKISTANI AND OWNER OF CAR DEALERSHIP ACCUSED OF DEFRAUDING BOTH THE BANKS AND CUSTOMERS BY TAKING LOANS FROM BANKS AND GIVING THE SAME CARS ON CASH TO CUSTOMERS AND ONE FINANCE COMPANY LOST $ 1.7 MILLION AND 75 WERE HIS VICTIMS BUT HE IS NOW IN PAKISTAN AND DESPITE COURT WARRANT CAN NOT BE PROCEEDED WITH BUT HE DENIED DOING ANYTHING WRONG Khan is believed to be hiding in Pakistan. WASHINGTON, DC: The fugitive Pakistani American luxury car dealer Afzal ‘Bobby’ Khan, who was earlier based in New Jersey but has been on the lam after being accused of bilking dozens of car owners as well as banks and financing companies in deals involving Bentleys, Lamborghinis and Porsches, has been charged with fraud. U.S. Attorney Paul J. Fishman said that Khan was charged by complaint with one count of wire fraud. The criminal complaint, filed by the FBI on October 21, was unsealed in federal court in Newark, New Jersey on Tuesday, reported The Record. Fishman’s office, in a release, described Khan’s practices at his dealership, Emporio Motor Group in Ramsey, as “large-scale fraud.” The complaint claims that Khan, through his dealership, Emporio Motor Group, engaged in acts to defraud lenders and customers from at least December 2013 through September 2014. The complaint focuses on wire fraud that occurred in applications for loans made by Emporio and Khan, rather than on the complaints of individual car buyers and sellers. It accuses Khan of “knowingly and intentionally” devising “a scheme and artifice to defraud lenders to, and customers of, his auto dealership” and “to obtain money and property by means of materially false and fraudulent pretenses, representations, and promises.” Khan, the complaint states, committed the fraud by means of wire communications in interstate and foreign commerce, making it a federal offense. More than 75 people have filed complaints alleging they were victims of fraud by Khan, according to the complaint. Automobile financing businesses and banks also were victims, with one unnamed finance company facing a loss of more than $1.7 million due to Khan’s actions, the U.S. Attorney’s Office said. Khan is believed to be out of the country, possibly in Pakistan, where he was born, according to attorneys who have been trying to find him on behalf of defrauded customers. The wire fraud charge, they said, could be a placeholder accusation for more charges that would be filed if Khan can be returned to the United States. The FBI confirmed last week that Khan, 32, of Egg Harbor Township, is a fugitive and that authorities are seeking him, the Record reported. Alleged victims of Khan said Tuesday that they wish law enforcement officials had gone after the car dealer earlier and had arrested him before he had a chance to go into hiding. “It’s about time,” said Jennifer Pavlik of Bayville, when told of the fraud charge Tuesday. “Can someone explain to me why Bobby was allowed to continue to operate for a year?” she said. Khan claimed to have sold Pavlik’s Infiniti FX35 SUV for $38,000 and never gave her the money. He then allegedly transferred the car to another dealer without the title. An attorney, Ira Hirsch, who is representing car dealers that Khan transferred cars to, said the “entire case against Mr. Khan rises and falls on any extradition treaties we might have with Pakistan.” He is convinced Khan is in Pakistan and said the wire fraud charge might persuade Pakistan to take him into custody, although he added, “I have little faith in the Pakistani government to do the right thing.” The high-profile Khan was a minor celebrity, having appeared on the reality television show “The Real Housewives of New Jersey”.
Posted on: Mon, 29 Dec 2014 02:51:10 +0000
Trending Topics
Recently Viewed Topics
© 2015