Vik Keuylian, OC Lambo, charged

SoCal dealer charged with Lamborghini scam
Published: March 11, 2009 at 3:36

SANTA ANA, Calif., March 11 (UPI) -- A high-end Southern California sports car dealer has been charged with bilking his financing company by not reporting sales, federal prosecutors said Wednesday.

Viken Keuylian, 45, Laguna Hills was charged Wednesday with wire fraud in connection with millions of dollars borrowed to pay for expensive Lamborghini cars that he sold out of his two Orange County lots.

The U.S. Attorney's office in Los Angeles said in a written statement that Keuylian, whose sales accounted for 5 percent of the Lamborghinis sold worldwide, would plead guilty in Santa Ana federal court on Monday.

Prosecutors said Keuylian allegedly borrowed millions of dollars from Volkswagen Credit Inc. to pay for the purchase of the cars he sold out of his dealerships in Orange County and Calabasas. The loan agreement required Keuylian to pay VCI back whenever he sold a car.

Keuylian was accused of selling cars and then failing to report the sale. He allegedly used the money from the loans to pay off unrelated business debts.

The FBI seized some 54 vehicles worth more than $12 million in the investigation, including some Bentleys and other high-end cars.

http://www.upi.com/Top_News/2009/03/11/SoCal_dealer_charged_with_Lamborghini_scam/UPI-93671236800162/

 

I wonder what the agreed upon sentence was.

 

FBI seized 54 cars? From who? Buyers?

 

I would assume from both Lambo dealership's Lots.

 

If they were on the lots, unsold, how are they connected to the fraud which involved selling cars and not reporting the sale to the finance company?

 

.....because the cars sitting on the lots were financed, and their debt should have been paid for by cars already sold. But the money from sold cars wasn't sued to pay for the ones sitting there, so the ones sitting there were 'repoed' since they were collateral for their own debt amounts, and it was clear sales revenue was being diverted. I bet old Vik gets a sweetheart deal with no jail time. I met him and his sister Nora (I think) and they were snotty aholes anyway imo.

 

If you scroll down on this plea agreement, you'll see all of the "firesale" cars that were sold, the VINs, prices, and to whom they were sold.

http://ocbiz.freedomblogging.com/files/2009/03/lamborghini-scam-plea-agreement.pdf

 

I just find it interesting that when the whole thing started on the forum here, as the dealerships were closing, it was said they had sold "54 cars in 8 days" at "fire sale prices"... just seems odd for such a specific number to show up twice like that...

 

Ouch. That would be "54 cars in 8 days" and some pissed off buyers without cars now.

 

I heard from an official Lambo rep, not a dealer but employee of Lamborghini, to be un-named, that the cars he ( VIC) sold are "red flagged" by Lamborghini. When they come in for service they will be identified and seized!!!! Even though the owner ( who paid cash to Vic and holds the title, the bank is still claiming the cars are theirs. Gonna be a civil case between the owners who bought the cars from Vic and VW Credit it looks like. Bad deal all around

 

Check out the spread between what cars were sold for versus what was owed to VCI on them....

2008 Murcielago... sold for $110K... VCI balance $373K.

 

Yeah, that was reported back in November when the original turd hit the oscillating atmosphere circulation device...

 

The FBI seized 13 Lamborghinis and an Audi.

http://ocbiz.freedomblogging.com/files/2009/03/lamborghini-scam-press-release.pdf

 

2009 LP640... sold for $60,430... VCI balance $387,720.

 

Some of the transactions don't make sense...

ZHWBU37598L*A03151 2008 Lamborghini MURCIELAGO 10/15/2008 Irani 389,000
$******************* 357,580$*********************

 

He probably sold one or two for retail.

Just like the 2008 Murcielago which sold for $369,500..... and VCI balance was $348,572.

 

Either way, looks like the Newport Auto guy is screwed... he bought 22 cars!

 

VIN NUMBER YEAR MANU MODEL SALEDATE PURCHASER CASH RECEIVED VCI BALANCE
SCBCR63W44C 021527 2004 Bentley CONTINENTAL 10/24/2008 AVDAA auction $ 81,000 $ 105,720
SCBBR53W36C 034794 2006 Bentley CONTINENTAL 10/27/2008 Autosports $ 70,000 $ 122,660
SCBBR53W96C 036467 2006 Bentley CONTINENTAL 10/23/2008 RAA $ 89,425 $ 122,660
WDCYR71E68X 170906 2008 Mercedes G55 10/24/2008 Newport Collectibles $ 70,000 $ 88,540
WD8PE845675 189355 2007 Dodge SPRINTER 250 10/27/2008 Sunrise Auto $ 60,000 $ 90,585
ZHWBU16M83L A00676 2003 Lamborghini MURCIE 10/16/2008 Arts Auto $ 105,000 $ 166,080
ZHWBU6S14L A01281 2008 Lamborghini MURCIE 10/17/2008 Newport Collectibles $ 110,000 $ 184,080
ZHWBU26S36L A01761 2006 Lamborghini MURCIE 10/17/2008 Newport Collectibles $ 150,000 $ 264,480
ZHWBU16S56L A01898 2006 Lamborghini MURCIE 10/18/2008 Arts Auto $ 149,500 $ 223,440
ZHWBU26S36L A01985 2006 Lamborghini MURCIE 10/17/2008 Newport Collectibles $ 175,000 $ 269,040
ZHWBU26516L A02021 2006 Lamborghini MURCIE 10/17/2008 Newport Collectibles $ 175,000 $ 264,480
ZHWBU37MS7L A02062 2007 Lamborghini MURCIE 10/17/2008 Arts Auto $ 170,000 $ 288,960
ZHWBU37S28L A02715 2008 Lamborghini MURCIE 10/23/2008 Arts Auto $ 230,000 $ 395,690
ZHWBU37SX8L A02798 2008 Lamborghini MURCIE 10/24/2008 Lou Gadio $ 369,500 $ 348,572
ZHWBU37S38L A02870 2008 Lamborghini MURCIE 10/20/2008 Allsup $ 344,570 $ 344,570
ZWBU47S08L A02895 2008 Lamborghini MURCIE 10/17/2008 sold Exotic, undisposed $ 550,000 $ 462,305
ZHWBU47S08L A02914 2008 Lamborghini MURCIE 10/23/2008 Autosports $ 110,000 $ 373,290
ZHWBU37598L A03151 2008 Lamborghini MURCIE 10/15/2008 Irani $ 389,000 $ 357,580
ZHWBU37S68L A03222 2008 Lamborghini MURCIE 10/23/2008 Newport Collectibles $ 200,000 $ 355,200
ZHWBU37S29L A03297 2009 Lamborghini MURCIE 10/28/2008 Newport Collectibles $ 200,000 $ 368,350
ZHWGU12T06L A03336 2006 Lamborghini GALLARDO 10/23/2008 Eurocar Inc. $ 90,000 $ 150,480
ZHWGU12T66L A03535 2006 Lamboghini GALLARDO 10/18/2008 Arts Auto $ 105,000 $ 138,708
ZHWGU22T37L A04164 2007 Lamboghini GALLARDO SPY 10/23/2008 sold Kim, $ 145,000 $ 188,160
ZHWGU22TX7L A04288 2007 Lamboghini GALLARDO SPY 10/24/2008 Hollywood Auto $ 130,000 $ 184,800
ZHWGU22N88L A05796 2008 Lamboghini GALLARDO SPY 10/23/2008 Newport Collectibles $ 120,000 $ 211,060
ZHWGU43T48L A05836 2008 Lamboghini GALLARDO SUP 10/23/2008 Eurocar Inc. $ 140,000 $ 150,000
ZHWGU43T78L A06141 2008 Lamboghini GALLARDO 10/24/2008 AVDAA auction $ 140,000 $ 229,385
ZHWGU22T88L A06512 2008 Lamboghini GALLARDO SPY 10/15/2008 Gugasian $ 185,000 $ 223,235
ZHWGU43T38L A06718 2008 Lamboghini GALLARDO SUP 10/23/2008 Newport Collectibles $ 120,000 $ 231,065
ZHWGU22T88L A07014 2008 Lamboghini GALLARDO SPY 10/22/2008 Arts Auto $ 165,000 $ 219,300
ZHWGU22T68L A07223 2008 Lamboghini GALLARDO SPY 10/23/2008 Newport Collectibles $ 120,000 $ 222,930
ZHWGU22T78L A07537 2008 Lamboghini GALLARDO SPY 10/23/2008 Newport Collectibles $ 120,000 $ 226,060
ZHWGU22T98L A07541 2008 Lamboghini GALLARDO SPY 10/22/2008 Arts Auto $ 165,000 $ 222,795
ZHWGU54T39L A07891 2009 Lamboghini GALLARDO 560 10/23/2008 Newport Collectibles $ 120,000 $ 224,595

 

VIN NUMBER YEAR MANU MODEL SALE DATE PURCHASER CASH RECEIVED VCI BALANCE
ZHWGU54T89L A08017 2009 Lamboghini GALLARDO 560 10/27/2008 Newport Collectibles $ 120,000 $ 229,519
SCBCR63W95C 024893 2005 Bentley CONTINENTAL 10/27/2008 Autosports $ 70,000 $ 115,060
WDDNG71X67A 098502 2007 Mercedes S550 10/27/2008 Autosports $ 50,000 $ 68,000
ZFFEW59A470 152419 2007 Ferrari 430 F430 SPI 10/17/2008 Newport Collectibles $ 185,000 $ 255,360
ZHWBU16S24L A00978 2004 Lamboghini MURCIELAGO 10/17/2008 Newport Collectibles $ 115,000 $ 187,840
ZHWBU16S16L A01753 2006 Lamboghini MURCIELAGO 10/17/2008 Newport Collectibles $ 130,000 $ 230,720
ZHWBU47S37L A02369 2007 Lamboghini MURCIELAGO 10/17/2008 Newport Collectibles $ 200,000 $ 394,680
ZHWBU47S77L A02388 2007 Lamboghini MURCIELAGO 10/17/2008 Newport Collectibles $ 200,000 $ 340,480
ZHWBU37S68L A02717 2008 Lamboghini MURCIELAGO 10/17/2008 Newport Collectibles $ 200,000 $ 343,505
ZHWBU37S68L A03088 2008 Lamboghini MURCIELAGO 10/23/2008 Levon Gugasian (Newport) $ 90,000 $ 336,320
ZHWBU47S69L A03471 2009 Lamboghini LP640 10/23/2008 Levon Gugasian (Newport) $ 60,430 $ 387,720
ZHWGU12T86L A03665 2006 Lamboghini GALLARDO 10/20/2008 Eurocar Inc. $ 117,000 $ 154,120
ZHWGU22T76L A03677 2006 Lamboghini GALLARDO SPY 10/24/2008 AVDAA auction $ 105,000 $ 182,400
ZHWGU22T06L A04069 2006 Lamboghini GALLARDO SPY 10/17/2008 AVDAA auction $ 126,500 $ 182,400
ZHWGU22T97L A04590 2007 Lamboghini GALLARDO SPY 10/20/2008 AVDAA auction $ 145,000 $ 185,460
ZHWGU22T48L A06538 2008 Lamboghini GALLARDO SPY 10/23/2008 Eurocar Inc. $ 140,000 $ 223,835
ZHWGU22T98L A07409 2008 Lamboghini GALLARDO SPY 10/23/2008 Newport Collectibles $ 120,000 $ 223,100
ZHWGU22T28L A07428 2008 Lamboghini GALLARDO SPY 10/23/2008 Newport Collectibles $ 120,000 $ 223,420
ZHWGU22T18L A07436 2008 Lamboghini GALLARDO SPY 10/22/2008 Arts Auto $ 165,000 $ 223,840
SAJ0A44B275 B03603 2007 Jaguar XK 10/24/2008 AVDAA auction $ 41,350 $ 53,680
Totals $ 8,163,275 $ 1 2,560,314

 

Some familiar names on there............

 

wonder what the vin#'s are on the cars that have been seized and re-auctioned off this list? Some owners of recent fire saled cars might want to know to see if theirs are now clean!

 

geeze, this was a huge scam.... sad for all involved.

i guess the seized cars will go to auction ? i doubt they will bring their normal prices, as they are now stained.

 

Roger that Good Buddy.

 

Pic of the seized cars:

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