HONG KONG — A U.S. federal grand jury convicts two male Asian immigrants of running a ring that over a nine-month period shipped more than 100 stolen luxury cars from the U.S. to be resold in China. The men, who reportedly made millions of dollars in illegal profits, each face up to 40 years in prison and US$2.75 million in fines. Published reports say the defendants recruited at least 70 “straw buyers” who purchased or leased a car by putting a few thousand dollars down and financing the ...
Premium Content (PAID Subscription Required)
"Men convicted for selling stolen cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642