Two New Jersey men have pleaded guilty in the U.S. District Court for the Eastern District of Pennsylvania for their roles in falsifying vehicle titles as part of a long-running odometer roll-back scheme.
Because of the demand and high prices commanded lately for used cars, car buyers need to be aware of the most important used car scam out there and what they can do to avoid becoming a victim of one the oldest used car dodges since approximately 1903.
Used Motor Vehicle Dealers Sentenced in Odometer Tampering Scheme Details Written by IVN
Brooklynn, New York - Monday, in federal court in Brooklyn, Shmuel Gali was sentenced by U.S. District Judge Kiyo A. Matsumoto to 60 months’ imprisonment for his role in a long-running odometer tampering and money laundering scheme and ordered to pay $3,936,000 in restitution. The defendant pleaded guilty in August 2020 to conspiracy to commit money laundering, conspiracy to commit odometer tampering, making false odometer statements and securities fraud.
“An automobile is one of the biggest purchases many consumers make,” stated Acting Assistant Attorney General Brian M. Boynton of the Justice Department’s Civil Division. “Misrepresenting used car mileages defrauds buyers and hides important information concerning safety and reliability. The Department of Justice will continue to work with law enforcement partners to prosecute odometer fraud.”