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Chris Orsaris
Chris Orsaris admitted guilt in December 2012 to money laundering from several scams intended to steal money from Major and evade taxes.
Quick summary on Chris Orsaris
Embezzlement and Money Laundering: Orsaris admitted to embezzling funds from Major Automotive Companies, Inc., a prominent dealership in Queens, New York. He laundered over $15 million to support a lavish lifestyle, including purchasing luxury properties and a yacht.
False Insurance Claims: He filed a fraudulent insurance claim for an $850,000 boat, falsely reporting it as stolen to collect the insurance payout. This action led to a court order for Orsaris to pay $506,124.25 in restitution to the insurance company.
Tax Evasion: Orsaris failed to report the embezzled funds as income, resulting in significant tax evasion charges. He was ordered to pay $2.7 million to the Internal Revenue Service for unpaid taxes.
Association with Criminal Elements: Investigations revealed Orsaris’s connections with individuals involved in organized crime and drug dealing. He attempted to intimidate potential informants, including sending a black candy rat as a threat.
Legal Consequences: Orsaris was sentenced to 85 months in federal prison, followed by three years of supervised release. He was mandated to forfeit various assets, including investments and proceeds from luxury properties, as part of his sentencing.
by: Sophia Griffin
Money laundering and tax evasion? Not a vibe. 💀
by: Mia Foster
Chris Orsaris embezzled over $15 million and filed fake insurance claims. Yet, he's still out here acting like a legit businessman. 🤦♂️
by: Noah Simmons
Fraudster alert! 🛑 Chris Orsaris scammed millions and still thinks he's a boss. 🙄
by: Lucas Hayes
It's wild how Chris Orsaris managed to steal millions from Major Automotive Companies, buy luxury properties, and still be involved in the car industry. He even tried to fake a boat theft for insurance money. How is this guy still...