About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
Save As PDF Email this page Print this page

Fraudulent Exports of Vehicles to Mainland China Net Prison Sentence, Forfeiture and Restitution

The U.S. Department of Justice reports that a Wisconsin man has been ordered to pay US$517.265.72 in restitution and sentenced to 27 months in federal prison after pleading guilty to three federal felony offenses in connection with exports of luxury vehicles to mainland China. The man also agreed to the civil forfeiture of approximately US$1.2 million in funds seized from various bank accounts he controlled as well as 29 new luxury vehicles.

According to a DOJ press release, the man and his company fraudulently used Native American straw buyers to purchase luxury vehicles in a tax-exempt manner, thereby evading approximately US$515,964.04 in state and local sales taxes that the company was legally obligated to pay. The man and his company also conspired to cause the luxury vehicles to be purchased for export via identity theft; i.e., by using means of identification that belonged to a past or prospective straw buyer without that person’s permission to purchase the vehicle using his or her identity. Finally, the man and his company conspired with others to use the Automated Export System to further these illegal activities in violation of 13 USC 305(a)(2).

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)