Vik Keuylian, the man behind the defunct Lamborghini Orange County dealership, has reportedly agreed to plead guilty to one count of wire fraud after being sued by Volkswagen (owners of the iconic Italian supercar maker) last year for allegedly defrauding the German automaker for over $12 million.

The money had been lent to the dealership to purchase new Lamborghinis that were to be sold to paying customers, after which the loans would be repaid. As it turns out, the cars were in fact sold at rock bottom prices, but Keuylian used the money to payback other debts instead, including loans for the creation of a Lotus dealership.

Of the $12,560,314 that Keuylian had borrowed to purchase the vehicles, only $8,163,275 was collected from their sales. Keuylian faces a maximum sentence of 30 years in jail. Thanks for the tip, Jim!

[Source: LA Times]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X