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Complete Story
03/07/2024
Vehicle Finance Fraud Scheme in MN
MN
We are passing along some information about a vehicle finance fraud scheme that State Patrol Vehicle Crime Unit Sgt. Phil Bogojevic is investigating. If your institution has any information about loans involving any business names or addresses listed below, please get in touch with Phil. (See contact info below)
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The shell dealer name is used to purchase vehicles from an auction using a floor plan. The subjects use shell buyers and create fraudulent paystubs to obtain as many fraudulent loans as they can in a short time. The auction is never paid for the vehicles, and the used dealer transfers the title in conditional status. Below is a list of known entity names associated to the scheme:
- MOXEPRO LLC (Michaela OXENDINE)
- KINGZ AUTO WORLD LLC dba DREAM CARS EXPRESS (Margaret REILLY)
- LOPEZ AUTOMOTIVE LLC
- PROJECT DELIVERY LLC dba PROJECT DELIVERY AUTO GROUP (Chezarea WALTON)
- DREAM INVESTMENT GROUP LLC (Ray Jay Dean THOMPSON / DAVONTE DODDS named owners with MNSOS)
- MACS COMPANIES LLC
- D’CAMILLA MARIE CUSTOMS LLC
- WRAP GODZ LLC
- USED CARS OF SOUTH FLORIDA CORP
- ROYAL MARKETING LLC (Raneisha THOMPSON, daughter of Ray THOMPSON, is listed owner with Florida SOS)
In addition, the below addresses have been associated to the above dealer license applications. In many cases, research reveals DREAM INVESTMENT GROUP LLC is listed as the location lesser in application for a dealer license:
- 3449 Cloman Way, Inver Grove Heights
- 12880 Lakes Blvd, Lindstrom
- 12974 Haven Rd, Little Falls
- 9811 Hamilton Rd, Eden Prairie
- 880 15th St SW, Forest Lake
Any financial institution with delinquent business related to the above can call me directly. Thanks for passing the information along.
-Phil
Sgt. Phil Bogojevic
Minnesota State Patrol/Vehicle Crimes Unit
Office (507)923-2046/Fax (507)280-5524
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