Lopez said, “He gave it to me for $2,000 and change and made a good deal, and a couple of days later, I went back to get the car, and no car. Detective Matthew Carl said, “He was doing transactions where people would either get their car, and they weren’t able to get their title, after purchasing the car they weren’t able to get the title from the car, which makes it almost impossible to register, use on the roads or they were putting large amounts of deposit or the full price of the car down and not actually receiving the car. He was paying back used car auction houses for cars he had previously bought with the money he had just taken in from newer sales. Carl said, “For instance, if he bought a car for $4,000 and he only sold it for $3,200, he’s already $800 in the hole, He can’t give the auction house the $4,000 he owes them. Sources tell the I-Team they question just how cooperative X-Treme Performance said it has been, and for now, several auto auction houses and people like Lopez are out more than $250,000, according to police. read more
[Tags]car, lopez, police, auction, bought, performance, car auction news[/Tags]
