A Lexus dealership, sun-soaked Miami Beach, a rogue police officer and nearly a dozen criminal accomplices.
It might sound like the early sketches of a Hollywood action film, but the setting and characters are real.
Last fall, a massive auto lease theft ring was busted wide open, exposing an elaborate fraud arrangement concocted in large part by Tomas Manrique, 51, owner of Wachovia Auto Sales, and Todd Javon Smith Jr., 29, owner of Parelelas Motors, according to law enforcement officials.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
