- Associated Press - Tuesday, December 23, 2014

NEWARK, N.J. (AP) - Federal prosecutors have accused a luxury car dealer in New Jersey of engaging in a pattern of fraud.

A complaint unsealed Tuesday accused Afzal “Bobby” Khan, 32, of Egg Harbor Township, with one count of wire fraud.

It was alleged Khan engaged in acts to defraud customers of and lenders to Emporio Motor Group in Ramsey from at least December 2013 through September 2014.

More than 75 people have filed complaints against Khan.

Authorities claimed Khan obtained loans for vehicles that he had no title for and sold autos on consignment but never paid the owners or gave the buyers the titles.

Emporio submitted a loan application for approximately $150,000 stemming from the sale of a 2013 Rolls Royce, prosecutors said. The purchaser never received the vehicle and the vehicle’s owner told law enforcement it had never been sold to Khan, authorities said.

The bank was exposed to a potential loss of more than $1.7 million, the complaint said.

If convicted, Khan would face up to 20 years in prison.

Khan’s whereabouts were unknown and he remains a fugitive.

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