According to Las Vegas Metro police on Friday, a couple reportedly scammed investors out of almost $57 million through a scheme to buy exotic cars and boats.
For allegedly convincing people to invest in the luxury goods by claiming that “the assets would be resold to overseas buyers at massive profit margins,” Jong Rhee, 45, and Neelufar Rhee, 34, are facing dozens of counts, according to the police. Detectives, however, believe there were never any buyers.
Metro police referred to the “fraud scheme” as “massive” when they announced the arrests on Friday.
According to investigators, the pair used two of their companies, Twisted Twins Motorsports and Lusso Auto Spa, to carry out the alleged fraud operation. The Rhees are linked to companies in Henderson and Las Vegas, according to state business records.
According to documents, both Rhees are charged with 78 felonies, including forgery, money laundering, and racketeering.
According to documents, both were arrested by police on Thursday and posted $100,000 bail. Their next court date was not set until June 9.
According to documents, two other individuals, John Baudhuin and Crisfin Deguzman, are also charged in connection with the case.
