A Colorado man was sentenced earlier this month for a series of car thefts. This case involved a white-collar twist as well; the defendant did not simply steal cars by hotwiring them and driving off into the sunset, but used an elaborate scheme, resulting in additional charges of defrauding a secured creditor and computer crime.
According to the indictment, in late 2010 and early 2011 the defendant used a website to operate a business and attract customers, employing two other people to help him search for vehicles that were for sale.
His employees would contact vehicle owners and offer to take possession of the vehicles and take over existing leases and loan payments while finding a third party to either buy the car or assume the financial obligations.
The defendant then listed the vehicles on eBay without disclosing the financial obligations. The defendant meant to make a profit by charging the buyers a down payment and inflating the monthly payments. Neither the vehicle’s original owners or the institutions to which they owed money received proceeds from the sales.
The defendant pled guilty to Class Three Felony Theft and agreed to pay $220,000 in restitution. He was sentenced to 10 years of economic crime probation and 90 days in county jail.
If you are accused of a crime in Colorado, whether you are facing charges or are the subject of an investigation, it is important to act quickly to ensure your rights are protected. Getting in touch with an experienced criminal defense attorney can help you preserve your interests and fight for the best possible result in your case.
Source: Yahoo! News, “Colorado Serial Car Thief Gets Probation, Jail for Crimes,” Susan Graybeal, April 17, 2013
To learn more about defending accusations of theft crimes in Colorado, please visit our website.