Lamborghini Orange County owner pleads guilty to wire fraud

In November 2008, Lamborghini Orange County, the world”s largest Lamborghini dealer, closed its doors but no one had any idea why. According to owner Vik Keuylian¬†the dealership sold about 10 percent of all the 2,400 Lamborghini models that are allocated around the world each year.

While many thought it may have been the bad economy that forced Lamborghini Orange County out of business, Automobili Lamborghini America said that the dealership closed because of its own mistakes. Those mistakes are now clearer.

On Wednesday, 45-year old Vik Keuylian plead guilty to a single count of felony wire fraud against Volkswagen Credit Inc. and now faces 30 years in prison. Keuylian is charged with defrauding Volkswagen Credit Inc. out of at least $12 billion.

Keuylian’s Lamborghini dealership in Calabasas has also closed down.

– By: The Daily Auto Editor

Source: LA Times