From Dealership Desks to Racketeering: Another Miami Fraud Ring Busted

Straw Buyers Left Holding the Bag in Massive Auto Fraud Bust

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Miami, FL – February 27, 2026 – Is there something in the water? Over the past year we’ve seen millions of dollars of fraud loan rackets and fraudsters taken down in the Miami-Dade area. Add two more arrested and another $1.5M in fraud auto loan losses to the bonfire of fraud.

Miami-Dade authorities have dismantled a sophisticated auto-loan fraud operation that secured more than $1.5 million in fraudulent approvals, arresting two central figures and pinpointing over a dozen straw buyers in the scheme.

The investigation revealed a coordinated effort involving auto brokers, dealership finance managers, and a cycle of re-titling vehicles before shipping them out of state or to ports for resale. Victims—often recruited straw buyers—end up burdened with massive unpaid loans, traffic violations, insurance liabilities, and damaged credit, while the vehicles and profits vanish.

On Wednesday, detectives arrested 39-year-old Deinier Dominguez, a former finance manager at dealerships including Bomnin Chevrolet and HGreg Nissan, along with broker Dagma Cecilia Reyes Jaime.

According to court documents and arrest reports, Dominguez faces 79 felony counts, including multiple charges of grand theft, obtaining vehicles by trick, organized fraud, racketeering, money laundering, and related offenses. Reyes Jaime faces 10 counts, encompassing organized fraud, racketeering, and money laundering.

Both were booked into the Turner Guilford Knight Correctional Center.

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How the Scheme Operated

Investigators describe how brokers recruited individuals to act as straw buyers, providing them with minimal tasks—primarily signing documents—while finance managers approved loans that would typically fail underwriting due to falsified or manipulated information.

One prominent example involved 85-year-old Juan Campos, who was allegedly used to secure approvals for six luxury vehicles, including two Corvettes and a Lexus GX, totaling nearly $436,000 in one instance and prefilled paperwork worth about $539,000 in another. Arrest reports note that brokers facilitated quick deals, with vehicles quickly re-titled and moved elsewhere, leaving the named buyers responsible for the debt.

The fraud ties to finance operations at licensed dealerships in Miami-Dade, including those affiliated with groups like Bomnin and HGreg, per state records. This case fits into a wider pattern of credit bust-out and title-washing schemes in the county, following earlier major busts involving millions in fraudulent vehicle purchases.

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Consequences for Straw Buyers and Legal Ramifications

Authorities warn that straw buyers frequently face severe fallout: defaulted loans, accumulating tolls and citations, fraudulent insurance claims filed in their names, and long-term credit destruction—even as lenders and insurers bear significant losses. Recruits often receive a small upfront payment before the vehicles are resold or exported.

The charged offenses carry heavy penalties under Florida law, including felony convictions for racketeering (Florida Statutes Chapter 895) and money laundering (Chapter 896), with potential years in prison and substantial fines. The investigation remains ongoing as detectives pursue additional leads in the ring.

Source: Hoodline.com

From Dealership Desks to Racketeering: Another Miami Fraud Ring Busted – From Dealership Desks to Racketeering: Another Miami Fraud Ring Busted – From Dealership Desks to Racketeering: Another Miami Fraud Ring Busted

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