Saturday, December 3, 2011
18 busted in car scam
From the Daily News:
Eighteen people - including a murder suspect - have been indicted in a $1.9 million auto-loan fraud scheme, Queens prosecutors said Thursday.
Among those busted is Andre Dickenson, 31, of Brooklyn, who was charged earlier this year with a 2009 double murder at the Long Island condo of former Jet Jonathan Vilma. Dickenson was allegedly involved in the loan scam before the murders of two men.
He is one of 12 suspects who bought high-end cars such as Escalades, Porsches and Maseratis by using straw borrowers who took out loans in exchange for kickbacks, according to Queens District Attorney Richard Brown.
The car owners would quickly stop paying back the loans but hang onto the autos.
Some of the defendants pulled their scam a different way - using straw borrowers to take out car or home improvement loans, then simply keeping the money without making a purchase.