A SCOTS businessman has been placed on the FBI’s Most Wanted list over claims he conducted a multi-million pound luxury car scam.
Afzal Khan is accused of conning a string of customers and financial firms at a motor dealership he ran in the US.
“Afzal Khan is wanted for allegedly defrauding customers and financial institutions while he was the owner of Emporio Motor Group”FBI spokesman
Federal agents hunting the 32-year-old, originally from Edinburgh, fear he may have fled the country and have offered a $20,000 reward for information leading to his arrest.
Flamboyant Khan, known to his clients as ‘Bobby’, opened the Emporio Motor Group in New Jersey in 2013 and maintained a high profile.
He appeared on US reality series ‘The Real Housewives of New Jersey’ and counted members of the show’s cast among his clients.
He has now been accused of a massive fraud involving super cars including Lamborghinis, Bentleys and Rolls Royces.
He is accused of obtaining loans from a bank for cars that he never delivered, but for which the purchaser was still responsible.
He also obtained loans for cars that were delivered, but for which neither he nor Emporio had title documents. As a result, the purchasers of these cars were liable for the loan, but could not register the vehicles.
Khan also offered to sell cars for customers, and then neither returned the cars nor provided any money from car sales.
One financial institution is said to have lost £1.1 million from its dealings with Khan and 75 customers have come forward to make complaints against him.
If convicted, he could face a maximum potential penalty of 20 years in prison and a multi-million dollar fine.
Khan was born in Edinburgh to Pakistani parents and moved to America more than 20 years ago. Police and the FBI attempted to arrest him at his New Jersey home at the end of October but could not locate him.
He has now been placed on the FBI’s 10 Most Wanted ‘white collar criminals’ list.
In an interview he gave when he opened his car dealership in 2013, Khan boasted that he had been selling luxury cars since he was 18.
He said: “There’s a waiting list for any car like this, because you can’t find it, but the number of millionaires and billionaires grows every day.
“Everybody wants the next toy.
“This is a boutique dealership. It’s like walking into a Gucci or a Fendi store.”
The FBI wanted poster for Khan says he has ties to the United Arab Emirates, Canada, the UK and Pakistan, and may be found in those countries. He is described as 5ft 10in and 180lbs, with a scar on his right arm.
Last week, Khan’s brother Anil Iqbal was arrested by police in New Jersey investigating the alleged scam.
Iqbal, 36, who was an employee at the dealership, has been charged with conspiracy to commit theft, theft by extortion, theft by deception and fencing.
An FBI spokesman said: “Afzal Khan is wanted for allegedly defrauding customers and financial institutions while he was the owner of Emporio Motor Group, a car dealership in Ramsey, New Jersey.
“From approximately December 2013 to September 2014, Khan allegedly obtained loans for vehicles that were never delivered, obtained loans for vehicles without proper title, and issued insufficient funds checks.
“Khan also allegedly offered to sell vehicles on consignment and then neither returned the vehicles nor provided any funds for the vehicle sales.
“A federal arrest warrant was issued for Khan on October 21, 2014, by the United States District Court, District of New Jersey, Newark, New Jersey, after he was charged with wire fraud.
“The FBI is offering a reward of up to $20,000 for information leading to the arrest of Afzal Khan.”
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