FBI: N.J. Dealer Now a Fugitive
A luxury-car dealer who lost his dealership license in September has fled the country, thwarting efforts by his customers to recoup thousands of dollars.
RAMSEY, N.J. — A luxury-car dealer who is accused of defrauding dozens of customers has fled the country, the FBI confirmed this week. Police are still receiving complaints about Bobby Khan from incidents that occurred before his dealership license was suspended on Sept. 12, NorthJersey.com reports.
Khan, a Pakistani national, left the United States in late October and reportedly traveled to Canada, Dubai and then Pakistan. His disappearance has thwarted efforts by his customers to recoup thousands of dollars they lost through consignment deals in which Khan never paid the seller, and sales where he failed to hand over the titles of the cars he sold.
To read the full story, click here.
More Compliance
Dueling Banjos in the Car Biz
Reports and accounts at variance show auto dealers’ trust profiles have risen in many consumers’ minds but that there remains a need for greater transparency by some.
Read More →
NADA and the Miracle on 34th Street
Automotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
Read More →
Another Look at a Recent Data Breach
Get caught up on the most pressing legal and regulatory matters facing dealers and F&I professionals, including data security, shotgun purchases, and inconsistent payment quotes.
Read More →
The Best Thing a Dealer Can Do to Avoid Legal Problems
Citing the issue is a strategy borrowed from the legal field itself.
Read More →
Fines of the Times
Civil penalties for noncompliance with federal auto retail and finance rules and regulations can add up quickly. Use this checklist to cover your bases.
Read More →
Goodwill and Car Dealers
A dealer goodwill tale is a cautionary tale worth paying attention to.
Read More →
The Regulatory Empire Is Striking Back
President Trump - entropist and corporate disruptor in consumer law
Read More →
How to Clear a Red Flag
Refine and enforce your dealership’s FTC-mandated ID theft-prevention program to ensure no transaction goes awry.
Read More →