DMV Investigator conducted year-long investigation
Los Angeles, CA – March 18, 2019 – The names change, but the games stays the same. Coming from LA County, the nation’s hotbed of auto loan fraud, is yet another massive auto subleasing scam. This one was brought down by The Los Angeles County District Attorney’s Office, who announced that two men have been charged with defrauding a dozen victims out of nearly $4 million in a high-end automobile sublease scam centered in the San Fernando Valley. The scheme involved the loss of more than 40 vehicles of makes including Bentley, Maserati, Mercedes Benz, BMW, Rolls Royce, Jaguar and Lexus.
Arman Mave Hazarian, aka Dean Hazarian, 47, of Tarzana and Afshin Hashemi, aka Al Hashemi, 47, of Hollywood face 40 felony counts of grand theft of an automobile and six felony counts of grand theft. The charges include allegations of taking more than $500,000 through fraud and embezzlement and taking property valued at more than $3.2 million.
Hazarian and Hashemi allegedly used internet ads to convince investors to lease or purchase high-end vehicles and turn them over to the defendants, who were supposed to sublease the vehicles at a profit. The men are accused of selling the automobiles to unsuspecting buyers and pocketing the cash, leaving the victims financially responsible for the vehicles.
Some of the victims provided multiple cars to the defendants, resulting in individual losses of up to $750,000.
“This type of investigation can be extremely complicated as it involved a dozen victims and even more vehicles,” said California Statewide Law Enforcement Association (CSLEA) President Alan Barcelona. “California Department of Motor Vehicles investigators are experts in vehicle related fraud. I am relieved these two suspects have been identified and arrested before inflicting even more financial harm to additional victims.”
Hazarian and Hashemi also are accused of defrauding the secondary buyers by receiving money for the vehicles but never signing over the titles.
The alleged crimes occurred from August 2017 to February 2019, according to the felony complaint.
The year-long investigation was conducted by the California Department of Motor Vehicles, the Los Angeles Police Department, the Los Angeles County Sheriff’s Department and the California Highway Patrol as part of the Taskforce for Regional Auto-theft Prevention (TRAP).
The defendants face a possible maximum sentence of 15 years and four months in state prison if convicted as charged.
Source: CSLEA
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