DealershipForum.com - View Single Post - IRS Agents raid Luxor Auto Group and arrest three for money laundering

XDCX · 05-11-2015, 10:42 AM

I thought of this thread when I read in the local news that all of the felony charges against the owners of the Luxor Auto Group Dealerships had been dropped. The only charge that remained was a misdemeanor charge of "Failure to file Form 8300" which the defendants pleaded guilty to. For a link to the full report - click here

The owner of the two dealerships reported that he was forced to close both operations shortly after the raid mostly due to the damage the stores' reputations took after the raid. He indicated the media coverage of the raid left a long lasting impression that impacted his business.

My impression is there is a lot more to this story than what's being reported or being acknowledged by the IRS. How is it possible that a case that appeared to have substantial evidence just disappears and resulted in nothing more than a minor misdemeanor filing?

Here's an excerpt from the news report that details the positions of both sides:

He said the charges and the media spectacle of the raid were too much to overcome. Hamid was reluctant to delve into details, saying the court case was ongoing. He said he and his brother "made a mistake" and are trying to rebuild their lives.

"I would hate to see what happened to me happen to other people," Hamid said. "I want my story to be known. ... We didn't do anything they accused me of."

Officials with the Internal Revenue Service Criminal Investigation Division, which spearheaded the 2014 raid, declined to comment on the case last month.

05-11-2015, 10:42 AM	#2
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	A year later and all of the felony charges are dropped... I thought of this thread when I read in the local news that all of the felony charges against the owners of the Luxor Auto Group Dealerships had been dropped. The only charge that remained was a misdemeanor charge of "Failure to file Form 8300" which the defendants pleaded guilty to. For a link to the full report - click here The owner of the two dealerships reported that he was forced to close both operations shortly after the raid mostly due to the damage the stores' reputations took after the raid. He indicated the media coverage of the raid left a long lasting impression that impacted his business. My impression is there is a lot more to this story than what's being reported or being acknowledged by the IRS. How is it possible that a case that appeared to have substantial evidence just disappears and resulted in nothing more than a minor misdemeanor filing? Here's an excerpt from the news report that details the positions of both sides: He said the charges and the media spectacle of the raid were too much to overcome. Hamid was reluctant to delve into details, saying the court case was ongoing. He said he and his brother "made a mistake" and are trying to rebuild their lives. "I would hate to see what happened to me happen to other people," Hamid said. "I want my story to be known. ... We didn't do anything they accused me of." Officials with the Internal Revenue Service Criminal Investigation Division, which spearheaded the 2014 raid, declined to comment on the case last month.