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Massive Fraud Ring Busted In Las Vegas

LAS VEGAS (AP) — Authorities in Nevada say 16 people face wire fraud and conspiracy charges in an international scheme involving the sale of automobiles, travel trailers, watercraft and other big-ticket items on Internet sites including eBay, Yahoo!Finance, Craigslist and Autotrader.

U.S. Attorney Daniel Bogden said Thursday the entire transaction was a sham, and that purchased items were never delivered.

The indictment handed up Tuesday names 28-year-old Eduard Petroiu as the ringleader and six others as top co-conspirators in the scheme.

Thirteen people ranging in age from 20 to 35 were arrested Wednesday in Las Vegas and one was arrested at Washington Dulles International Airport in Virginia. Two others were being sought Thursday.

Bogden says each faces up to 60 years in prison and up to $1 million in fines of if convicted.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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