Lamborghini dealer pleads guilty to fraud - Exotic Car Forums : Lamborghini, Ferrari, Porsche, GTR, Bugatti, and More!

**synth19** · 03-11-2009, 03:13 PM

Lamborghini dealer pleads guilty to fraud

March 11th, 2009
John Gittelsohn/ ocbiz.freedomblogging.com

Sharon Stone and Vik Keuylian

The owner of Lamborghini Orange County, formerly the world’s largest Lamborghini dealership, has agreed to plead guilty to federal criminal fraud for bilking $12 million from the finance company that fronted him money to sell the luxury cars.

Viken Keuylian, 45 of Laguna Hills, could face up to 30 years in prison and a fine of $1 million according to his plea agreement. The agreement must be approved by a judge. Keuylian is scheduled to appear on Monday in U.S. District Court in Santa Ana.

Keuylian and his family owned the Lamborghini dealership in Santa Ana and Calabasas, which closed last fall after Volkswagen Credit Inc. pulled financing for the dealerships and sued for fraud in Orange County Superior Court.

According to Keuylian’s criminal plea agreement, he sold about 5 percent of all the Lamborghinis in the world in 2008, including 54 vehicles during a two week discounting spree in October of last year as he struggled to pay off debts for a vineyard, a show room on Coast Highway in Newport Beach and other debts.

Keuylian sold Lamborghinis to celebrities and professional athletes, including Lakers star Kobe Bryant. He also supported fundraisers for AIDS hosted by Hollywood stars like actress Sharon Stone.

A list of the sales attached to the plea agreement shows he received $8.1 million for cars that VW Credit financed for $12.6 million. The list of vehicles included 23 sold to Newport Beach entrepreneur Levon Gugasian, who owns Newport Collectibles, an auto dealership.

According to the plea agreement, Gugasian paid $60,430 cash to Keuylian for a 2009 Lamborghini LP640 that VW Credit had financed for $387,720. Gugasian declined to comment and referred questions to his attorney, Gary Waldron, who could not be reached immediately.

Click here for the Plea Agreement

Click here for the US Attorney's Press Release

**Dino V** · 03-12-2009, 08:35 AM

Crazy stuff.

03-11-2009, 03:13 PM	#1 (permalink)
synth19 Administrator Join Date: Oct 2008 Posts: 418	Lamborghini dealer pleads guilty to fraud Lamborghini dealer pleads guilty to fraud March 11th, 2009 John Gittelsohn/ ocbiz.freedomblogging.com Sharon Stone and Vik Keuylian The owner of Lamborghini Orange County, formerly the world’s largest Lamborghini dealership, has agreed to plead guilty to federal criminal fraud for bilking $12 million from the finance company that fronted him money to sell the luxury cars. Viken Keuylian, 45 of Laguna Hills, could face up to 30 years in prison and a fine of $1 million according to his plea agreement. The agreement must be approved by a judge. Keuylian is scheduled to appear on Monday in U.S. District Court in Santa Ana. Keuylian and his family owned the Lamborghini dealership in Santa Ana and Calabasas, which closed last fall after Volkswagen Credit Inc. pulled financing for the dealerships and sued for fraud in Orange County Superior Court. According to Keuylian’s criminal plea agreement, he sold about 5 percent of all the Lamborghinis in the world in 2008, including 54 vehicles during a two week discounting spree in October of last year as he struggled to pay off debts for a vineyard, a show room on Coast Highway in Newport Beach and other debts. Keuylian sold Lamborghinis to celebrities and professional athletes, including Lakers star Kobe Bryant. He also supported fundraisers for AIDS hosted by Hollywood stars like actress Sharon Stone. A list of the sales attached to the plea agreement shows he received $8.1 million for cars that VW Credit financed for $12.6 million. The list of vehicles included 23 sold to Newport Beach entrepreneur Levon Gugasian, who owns Newport Collectibles, an auto dealership. According to the plea agreement, Gugasian paid $60,430 cash to Keuylian for a 2009 Lamborghini LP640 that VW Credit had financed for $387,720. Gugasian declined to comment and referred questions to his attorney, Gary Waldron, who could not be reached immediately. Click here for the Plea Agreement Click here for the US Attorney's Press Release

03-12-2009, 08:35 AM	#2 (permalink)
Dino V Super Moderator Join Date: Nov 2008 Posts: 682	Crazy stuff. __________________ "Run your car, not your mouth" "At the feast of ego, everyone leaves hungry"

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