Farhad Ebadat, the owner of Costa Mesa Bellagio Motors of Orange County has allegedly defrauded purchasers of luxury cars by selling them vehicles on consignment through his dealership. In his alleged $3-million car embezzlement scheme, the purchasers of the luxury cars would apparently pay Ebadat in full for the vehicles, but would never receive title to the cars. Instead, Ebadat would apparently place the payments he received into his personal accounts.
- 15 felony counts of embezzlement by fiduciary trust
- 15 felony counts of money-laundering
- 11 felony counts of grand theft by false pretenses
According to the news, if convicted, Ebadat could face a sentence of approximately 35 years in state prison.
What is False pretenses?
False pretenses occurs when someone acquires title by lying. It is the act of “obtaining title to personal property of another by an intentional false statement of past or existing fact.” Moreover, there must be the intent to defraud another.
What is Embezzlement?
Embezzlement is the act of taking money that has been placed in your trust but belongs to someone else. The alleged embezzler must have had lawful possession at time of the conversion.
To learn more about embezzlement, click here.
You May Also Like...
Popular PostsGoogle Analytics Popular Posts Alert :
Please check/recheck/enter your Google Analytics account details (username and password).
Bankruptcy – Business
Bankruptcy – Personal
Criminal Law – Appellate
Criminal Law – Federal
Criminal Law – State Felony & Misdemeanor
Drunk Driving Defense
Dumb or Weird Laws
2012 Meningitis Outbreak
Biomet Hip Replacement
Smith & Nephew Hip Replacement
Stryker Hip Replacement
Wright Hip Replacement
Intellectual Property Law
Labor & Employment Law
Landlord Tenant Law
Personal Injury – Defendant
Personal Injury – Plaintiff
Social Security Disability
Trending Searchesconstitutional law Criminal Law - State Felony & Misdemeanor dangerous-products dangerous or defective products dumb laws estate planning Family Law FAQ fda first-amendment food poisoning Personal Injury - Plaintiff product-recall products liability random laws recall safety recall salmonella strange laws weird laws