DOJ v. Mohamad Jihad Fakih

Mohamad Jihad Fakih was sentenced to federal prison for conspiracy to commit wire fraud and attempting to export a stolen motor vehicle. According to the court documents, Fakih conspired with others to commit wire fraud by obtaining fraudulent loans from automotive financing companies. Fakih would submit falsified loan applications to the victim companies on behalf of straw purchasers, misrepresenting that a vehicle was being purchased. Fakih also filed false insurance claims for the vehicles, reporting them as stolen. Fakih attempted to export vehicles for which he had fraudulently obtained financing and for which the financing company held a lien. Fakih also procured a stolen Rolls-Royce Cullinan SUV and arranged for it to be shipped in a container out of the Port of Savannah, the manifest for which had been falsified.

Summary generated from official Department of Justice press release