Source link : https://las-vegas.news/las-vegas-couple-ran-2b-luxurious-automobile-scheme-gambled-final-10k-in-poker-event-police/
LAS VEGAS (KLAS) — A pair instructed traders they might internet billions of {dollars} by promoting luxurious vehicles and boats to abroad consumers who police suspect by no means existed, in keeping with paperwork the 8 Information Now Investigators obtained.
The revelations come from a 94-page arrest warrant for Jong Rhee, 45, and Neelufar Rhee, 34 — who Las Vegas Metro police took into custody on Could 22. Every faces dozens of costs for allegedly persuading folks to spend money on the luxurious gadgets, saying “the assets would be resold to overseas buyers at massive profit margins,” police mentioned. Nevertheless, detectives suspect no purchaser ever existed.
Jong Rhee allegedly promised traders that he might generate income within the scheme to “purchase high-value, unique vehicles.” “Wealthy clients in Singapore” would then buy the cars, delivering a $2.5 billion profit off of a $57 million investment because of that country’s “import restrictions,” police mentioned.
The couple performed the alleged fraud scheme by means of two of their companies: Twisted Twins Motorsports and Lusso Auto Spa, police mentioned. State enterprise data point out that the Rhees are related to companies in Las Vegas and Henderson.
Metro detectives suspect the couple netted $57 million “for purchasing seven high-value motor vehicles by materially fraudulent misrepresentation,” paperwork mentioned. In all, detectives listing dozens of high-end and unique vehicles…
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Author : LasVegasNews
Publish date : 2025-06-02 20:20:00
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