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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.

Last November, Lamborghini Orange County, formerly the world's largest Lambo dealer, shuttered its doors for good. The reason for the abrupt closing has finally come to light thanks to freshly released court documents from a lawsuit where Volkswagen accuses the dealership of pilfering $12 million in just eight days. According to Lamborghini's corporate overlord, Volkswagen, the Keuylian family sold 54 cars at rock-bottom prices and summarily ran off with the money without paying off its creditor