by Exposing the Luxury Car Fraud Scheme in Las Vegas
In Las Vegas, a couple has been detained who, according to the investigation, organized a large-scale fraud scheme. Using false promises of profitable deals with exotic cars, they swindled over $57 million from their victims. The suspects – 45-year-old John Rhee and 34-year-old Niloufar Rhee – operated through their companies Twisted Twins Motorsports and Lusso Auto Spa.
Investigators found that the couple convinced investors to put money into luxury cars and yachts, promising their subsequent resale abroad for enormous sums. However, as it turned out, no foreign buyers actually existed.
Manipulations and Luxury
John Rhee claimed to have “wealthy clients in Singapore” willing to spend billions. He cited examples of incredible price increases: for instance, a Rolls-Royce Spectre costing $526 thousand in the US could allegedly be sold in Asia for $7.5 million. Instead of real deals, the couple used the funds to purchase their own luxury cars, including a Bugatti Chiron Super Sport and a unique Apollo Intensa Emozione – one of only ten in the world.
“The Rhee family is at it again,” shared an anonymous former employee who worked with the couple. He described John as “ostentatious and calculating,” accustomed to putting supercars on public display to attract clients.
Financial Troubles and Gambling
According to the investigation, the couple was pushed into fraud by financial difficulties. They had large debts, problems with partners, and even tried to resolve the situation by participating in the World Series of Poker, betting their last $10 thousand. Both now face over 75 charges, including racketeering, document forgery, and money laundering.
After posting bail of $100 thousand each, the suspects were released. Law enforcement continues to gather evidence and urges other victims to come forward. This case is a reminder of the risks of investing in “super-profitable” schemes, especially those involving luxury assets. The story also shows how ostentatious wealth can be just a facade for a financial crisis.
