41-month sentence in auto-sales scam
January 11, 2010
Total Loss:
$200,000
A Mill Creek man has been sentenced to 41 months in prison for recruiting others to help him defraud banks of hundreds of thousands of dollars, which he used to prop up his automobile dealership and take an extravagant trip to Las Vegas. Edward Asatoorians, 36, helped college students and others doctor paperwork to fraudulently get loans to buy vehicles from Asatoorians' dealership, London Autos, that the dealership didn't own. Credit unions were cheated out of about $200,000.
Source:
The Seattle Times
Posted in:
Internal Fraud