Man Arrested in Alicante for Seizing 15 Luxury Cars Worth 1.2 Million Euros

The National Police have arrested a 45-year-old Spanish man in Alicante. He used two companies to pose as a broker for high-end car sales, intending to misappropriate them later to sell to third parties. With these practices, he even managed to sell the same vehicle to three different people.

Additionally, he requested personal loans using the alienated vehicle as collateral, causing a total damage from both crimes exceeding 2 million euros. The alleged perpetrator is accused of embezzlement, document forgery, and fraud, and has been brought before the Alicante guard court.

The incidents were reported by the manager of a company dedicated to buying and selling high-end vehicles. He reported that an automotive businessman, in exchange for a commission, offered his services as a broker for the purchase and sale of some of his company's vehicles. However, he eventually sold them to third parties through other companies without his knowledge, falsifying the sales invoices between both companies.

The alleged broker gained the victim's trust by showing that, through his companies, thanks to his contacts and by offering them on social networks, he could sell the vehicles.

Subsequently, once he had the vehicles, he transferred them to third parties, falsifying a sales invoice between his company and the victim's company, forging other documents related to the vehicle necessary for the fraudulent transfer.

He then requested personal loans on these vehicles, using them as collateral, so that if any installment was not paid, the vehicle itself would become the property of the claiming financial institution.

However, in the meantime, the vehicle had already been sold to a third person or company, creating a network of victims around the same vehicle through fraud, for which no amount was ever paid to its original owner.

Thus, the investigated person, with the money obtained from the loans, paid certain installments to try to delay a possible complaint as much as possible, while continuing to cause harm to others. It is known that up to three victims were involved with the same vehicle, obtaining the greatest possible profit from each vehicle.

This fraudulent business generated a series of debts on each vehicle, allowing the investigated person to acquire sufficient economic assets to continue dealing with other interlocutors in the automotive sector for the acquisition and sale of vehicles.