3 Chicago men charged with odometer & title fraud
The Justice Department described another notable fraud incident this week that could have permeated through the wholesale, retail and finance spaces.
A federal grand jury in Chicago returned an indictment, which was unsealed on Wednesday, charging three Illinois men with operating an odometer and title fraud scheme that involved hundreds of used vehicles over the course of what officials said were “many years.”
According to court documents, Laith Ghzo, of Oak Lawn, Hussein Ghzo, of Palos Heights, and Musab Sawai,of Worth caused the mileage of hundreds of used vehicles to be rolled back and altered title documents to reflect the false, low mileage. Officials said those used vehicles were then sold to unsuspecting wholesale buyers and ultimately consumers, who paid more for those vehicles than they would have paid if they had known the truth about the vehicles’ mileages.
The Justice Department said Laith Ghzo and Hussein Ghzo are charged with conspiracy to make counterfeit securities and commit mail fraud, making counterfeit securities and mail fraud. Sawai is charged with conspiracy to make counterfeit securities and mail fraud.
Officials said the defendants made their initial court appearances this before U.S. Magistrate Judge Jeffrey Cole of the U.S. District Court for the Northern District of Illinois.
If convicted, the Justice Department said Laith Ghzo and Hussein Ghzo face a maximum penalty of 20 years in prison for each mail fraud count, and Sawai faces a maximum penalty of five years in prison for conspiracy.
A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors, according to a news release.
Principal Deputy Assistant Attorney General Brian Boynton, head of the Justice Department’s Civil Division, U.S. Attorney John R. Lausch Jr. for the Northern District of Illinois, acting inspector in charge Kai Pickens of the U.S. Postal Inspection Service Chicago Division and acting administrator Ann Carlson of the National Highway Traffic Safety Administration (NHTSA) made the announcement.
The NHTSA Office of Odometer Fraud Investigations and the Postal Inspection Service are investigating the case.
“An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law,” officials said.