His businesses promised to take over lease payments for exotic and high-end cars, but then he would rent out the vehicles and leave victims on the hook.
A Los Angeles man faces up to 20 years in prison in connection with a fraud scheme that turned some people’s dream cars into nightmares.
Hull started numerous businesses, some under aliases, that promised to get individuals out of leases for exotic and high-end vehicles from carmakers such as Maserati and Mercedes-Benz by finding others to take over payments. Hull took possession of the vehicles, telling victims that he would make their payments until the lease was transferred, prosecutors said. Hull claimed that he had transferred leases for nearly 150 vehicles and told customers that payments had never been an issue.
But Hull would not make full payments on the leases, if any payments were submitted at all, leaving the victim on the hook for late fees and credit issues.