BOSTON — A statewide grand jury has indicted a Holbrook man on a set of prices after prosecutors stated he was concerned in a scheme during which he purchased luxurious automobiles with fraudulent financing in an effort to purposely injury them, gathering greater than $200,000 in insurance coverage proceeds within the course of.
The indictments cost Dion Augustin, 23, with seven counts of larceny of greater than $250 below false pretenses and eight counts of motorcar insurance coverage fraud. The case is being prosecuted by the state lawyer normal’s workplace. Augustin is anticipated to be arraigned on the costs at a later date in Norfolk and Middlesex County Superior Courts.
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Prosecutors say that between August 2016 and December 2017, Augustin purchased numerous luxurious automobiles, together with a Bentley, a Maserati, and two Fisker Karmas, and rented U-Haul vans each in his personal identify and utilizing numerous middleman straw consumers. Augustin obtained financing to purchase the automobiles by misrepresenting how creditworthy he and the straw consumers had been, in response to prosecutors in a Friday press launch.
After getting the automobiles insured, Augustin would intentionally injury them and report the injury as unintentional in an effort to accumulate insurance coverage proceeds, in response to prosecutors.
Prosecutors stated that Augustin fraudulently obtained $136,940 in financing and picked up greater than $208,700 in insurance coverage payouts within the scheme.
The lawyer normal’s workplace started its investigation after a referral from the Massachusetts Insurance coverage Fraud Bureau.
Joe Difazio could be reached at [email protected]