Friday, April 2, 2010

High Flying New York Used Car Dealer With Mobster Fantasy Is Charged With Embezzling $7 Million

Chris Orsaris, 37, of Manhasset, New York, was charged today in a 164-count indictment with embezzling some $7 million from Major Automotive Cos., where he was employed as general manager. The scheme reportedly involved the alleged inflation of used car sales commissions, over a period of at least 7 years, between 2002 and 2009. Authorities say Orsaris was a "mobster wannabe" and used the embezzled funds to support and extraordinary lavish lifestyle. Orsaris is reported to own a $5.5 million Trump Tower apartment, a $2.9 million home in Southampton, a $2 million condominium in Florida and a $5 million waterfront home in Queens, New York. He is also reported to own a $860,000 yacht christened "B LOW ME," which he made a fraudulent claim that it had been stolen. Orsaris is reported to have hired criminals and thugs at his business to act as enforcers and bodyguards. The indictment accuses Orsaris of funneling the stolen funds through three phony corporations - and forging his boss' signature as part of the scheme. Orsaris was arrested last month for allegedly assaulting his girlfriend. He has been denied bail.

Read the story here, here and here.

4 comments:

Anonymous said...

These phony companies where the way committed tax fraud, putting in all the stolen funds and deducting all his life style expenses.

Anonymous said...

They should investigate the Tax Fraud Chris Orsaris did

Indianapolis used car dealer said...

$2 million condominium in Florida city! unbelievable since i leave here i have no idea about this.

Suzuki Brownsville TX said...

Well, I doubt he'll be getting the "Good Fellas" treatment while doing time.