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Thu 13 Feb 2020 08:50 AM

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FBI's most wanted 'white collar criminal' arrested in Abu Dhabi

Scottish-born Afzal Khan is accused of $1.5m supercar fraud

FBI's most wanted 'white collar criminal' arrested in Abu Dhabi

Scottish-born Afzal Khan, also known as Bobby Khan, had been on the FBI’s most wanted ‘white collar criminals’ list for five years.


The former owner of a car dealership in America, accused of a $1.5 million fraud involving super cars including Lamborghinis, Porsches and Rolls Royces, has been arrested by the FBI in the UAE.

Scottish-born Afzal Khan, also known as Bobby Khan, had been on the FBI’s most wanted ‘white collar criminals’ list for five years.

He was apprehended in Abu Dhabi on Monday and flown back to New Jersey where he will face trial.

In 2015, the 37-year-old was charged with five counts of wire fraud. He is said to have fraudulently obtained 21 loans totalling more than $1.5m, but has been on the run ever since.

Special Agent in Charge, Gregory W Ehrie, of the FBI’s Newark field office, said: “Mr Khan came to the sobering reality that he could not outrun the FBI.

“People who flee to other countries to avoid prosecution only delay the inevitable and live every day with the knowledge that we are still in pursuit. Mr Khan obviously reached the conclusion that it wasn’t worth it.

“The Newark field office would like to thank the dedicated members of law enforcement whose hard work and determination forced the hand of this fugitive and will now bring him to justice.”

Dealership

The case surrounds Khan’s car dealership, Emporio Motor Company. It is alleged he obtained loans from the auto finance division of a large bank for cars that he never delivered, but for which the purchaser was still responsible.

Khan, who has previously starred in US reality series ‘The Real Housewives of New Jersey’, obtained loans from the victim bank for cars that were delivered, but for which neither he nor Emporio had the title. The purchasers of these cars were liable for the loans, but could not register the cars.

He also offered to sell cars for individuals on consignment but thereafter did not return the cars or provide any money to the purchaser from the sale of the car.

Each count of wire fraud is punishable by a maximum potential penalty of 20 years in prison and a fine of the greater of $250,000.

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