Exotic Car Fraud Revealed

Fraud Unveiled

In a move that reads like a real-life heist movie but with less glamor and more consequence, a couple in Las Vegas has been nabbed for orchestrating a $57 million fraud scheme involving some of the world’s rarest and most expensive exotic cars. This scheme ran under the guise of legitimate businesses named Twisted Twins Motorsports and Lusso Auto Spa. Jong Rhee and his wife, Neelufar Rhee, played the leads in this automotive fairytale gone wrong.

How It Unfolded

The couple promised investors massive profits by claiming to have high-net-worth clients overseas, particularly in Singapore. These supposed clients were said to be willing to pay top dollar for luxury cars. For instance, Rhee claimed a Rollys Royce Spectre, priced at approximately $526,000 in the U.S., could be flipped for $7.5 million overseas—a markup that seems almost too good to be true, and for good reason, as it appears these international clients were purely fictional.

Further inflating their narrative, Rhee assured investors that not only cars but also boats could be sold at extravagant profits. A $3.9 million boat allegedly had a buyer in Singapore for $13.5 million.

Cars Seized

As a result of their deceit, numerous high-profile vehicles were seized by authorities. Among them were catch-your-breath machines like the Bugatti Chiron Super Sport and a Pagani Huayra, ticking upwards of 1,500 horsepower in the case of the Chiron and embodying the absolute pinnacle of automotive luxury and performance.

To add a little more allure, one of the seized vehicles was the uber-rare Apollo Intensa Emozione, a car that screams speed with a V12 engine. Many enthusiasts would drop their jaw at just peeking through the window of such exclusivity.

The Bigger Picture

There was a long list of perks the couple indulged in, including a 2,500 horsepower MTI V boat, that turned out to be possible because of the funds amassed through their promises of riches.

But as they say, what goes up must come down. Law enforcement from multiple jurisdictions, including the FBI and local police departments, pieced together their slippery operations, leading to a heavy array of charges — over 75 fraud-related ones, including racketeering and money laundering.

Final Note

The Rhese’s tale is a stark reminder of how quick fortunes can turn foul, especially when rooted in deception. An adrenaline rush for speed excess and high-stakes commitments eventually lands them in a court’s scrutiny seat. Released on bail with a tale as wild as their cars, authorities are reaching out for more information and warning potential investors to be wary of too-good-to-be-true proposals.