CT Used Car Dealer Convicted in $ 266,000 Fraud Scheme
Between approximately November 2015 and June 2016, Justin Williams defrauded lenders of $ 264,345.54.
MIDDLETOWN, Connecticut – A Rocky Hill man who officials say defrauded banks over $ 264,000 in auto loan fraud scheme has been sentenced to nearly two years in prison on charges federal.
Justin Williams, 42, was sentenced to 21 months in jail, followed by five years on probation on one count of wire fraud. Officials said Williams would serve the first three months of his sentence in house arrest and perform 200 hours of community service.
At the time of the offense, Williams was working as a salesperson and de facto general manager at a used car dealership located at 1075 Newfield Street in Middletown, known as Car Nation, LLC, Car Nation CT, LLC and Middletown Motorcars , which was owned and operated by George Hajati.
“In connection with auto loan applications for several borrowers, Williams, Hajati and others submitted documents and statements to victim lenders that falsely represented employment, salary, sources of income, and the amount of a down payment of the borrower, “officials said. “The forged documents included pay stubs from fictitious or altered borrowers and income verification letters allegedly from the Social Security Administration.”
Officials said Williams submitted loan applications stating that borrowers were paid wages they did not earn, worked at jobs they did not work, received Social Security Administration income they did not. had not received and were making installments that they had not made.
“In some cases, the borrower was unaware and did not authorize Williams to use his personal identification information to obtain auto loans in this manner,” they added.
This scheme led Williams to defraud lenders of $ 264,345.54.
Williams was previously convicted of mortgage fraud and was ordered to pay $ 251,267.08 in restitution.
Meanwhile, Hajati received an effective 48-month sentence for the auto loan program and for violating his supervised release imposed for his role in the mortgage fraud program.
Hajati and Williams have been involved in both projects together.
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