Orange County Lamborghini owner pleads guilty to wire fraud
Vik Keuylian, the man behind the defunct Lamborghini Orange County dealership, has reportedly agreed to plead guilty to one count of wire fraud after being sued by Volkswagen (owners of the iconic Italian supercar maker) last year for allegedly defrauding the German automaker for over $12 million.
The money had been lent to the dealership to purchase new Lamborghinis that were to be sold to paying customers, after which the loans would be repaid. As it turns out, the cars were in fact sold at rock bottom prices, but Keuylian used the money to payback other debts instead, including loans for the creation of a Lotus dealership.
Of the $12,560,314 that Keuylian had borrowed to purchase the vehicles, only $8,163,275 was collected from their sales. Keuylian faces a maximum sentence of 30 years in jail...
"outright theft" of $12 million
Lamborghini Orange County, formerly the world's largest Lambo dealer,
shuttered its doors for good.
The reason for the abrupt closing has finally come to light thanks to freshly
released court documents from a lawsuit where Volkswagen accuses the
dealership of pilfering $12 million in just eight days...
Miura Roadster up for sale
Built for the 1968 Brussels Motor Show,
the Miura Roadster features an open top with larger air intakes
integrated into a rollover hoop.
The rear of the car was also reshaped with a
larger spoiler and unique taillights.
The car was recently restored to its original condition
including its beautiful metallic blue paint.
The Miura Roadster is now being offered for sale,
and we imagine it will go for quite a bit more than
the $330,000 it cost to restore the car...