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 ...
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