Best Defender Bytes:

November 3, 2012

CAR BUSINESS OWNER TO BE ARRAIGNED FOR EMBEZZLING PROCEEDS OF CUSTOMER VEHICLES SOLD ON CONSIGNMENT

Filed under: California Defense Attorney — Tags: , , , — fayarfa @ 10:28 am

SANTA ANA - A car business owner and operator is scheduled to be arraigned tomorrow for embezzling the sale proceeds of rare and vintage vehicles sold on consignment. John Calicchio, 63, Costa Mesa, is charged with 14 counts of embezzlement by fiduciary of trust, five counts of grand theft by false pretenses, two counts of diversion of funds, and four counts of money laundering with sentencing enhancement allegations for aggravated white collar crime over $100,000 and loss over $200,000. If convicted, Calicchio faces a maximum sentence of 17 years in state prison. The defendant is being held on $250,000 bail and must prove the money is from a legal and legitimate source before posting bond. He is expected to be arraigned Thursday, Nov. 1, 2012, at 10:00 a.m. in Department CJ-1, Central Jail, Santa Ana.

Calicchio is accused of owning and operating EuroMasters Classic Cars in Fountain Valley. Between June 2010 and October 2011, the defendant is accused of entering into consignment agreements with customers to sell their vintage Porsche vehicles. He is accused of selling consignment vehicles in amounts ranging from $25,000 to $47,000 and diverting the proceeds of the sales to his personal and business accounts.

Calicchio is also accused of defrauding victims who purchased and paid for their vehicles in full. The victims were unable to obtain legal titles for their vehicles because the owners holding titles were never paid for through the consignment sales. The defendant is accused of closing his business in October 2011 and filing for bankruptcy in an attempt to discharge the debts owed to the owners and purchasers of vehicles he sold on consignment.

4 Comments »

  1. Not to hijack this thread, but I’d like to find out if I’m eligible for a higher priced rental and I don’t know how to find a local, highly regarded property management firm… do you know anything about this company? They’re based out of Sacramento, CA near my son’s school and I can’t find reviews on them - Sacramento Property Management Consultants, 600 H St Sacramento, CA 95814 (916) 282-3103.

    Comment by Boyce Cuffman — January 25, 2013 @ 1:41 pm

  2. Heya i’m for the first time here. I found this board and I find
    It really useful & it helped me out a lot. I hokpe too give something back and aid others like youu aided me.

    Review my webpage IP Cam

    Comment by IP Cam — June 24, 2014 @ 12:10 pm

  3. I’ve learn several just right stuff here. Definitely price ookmarking for revisiting.

    I wonder how much attempt you put tto make such a wonderful informative website.

    My homepage; Wind

    Comment by Wind — June 26, 2014 @ 8:44 pm

  4. There aree occurrences wherein an individual might commit an act off violence or turn to crime that will land him in jail.
    In city jails, the defendant might bbe releasd iin under an hour after posting bond, on the otheer hand, in the event tthe defendant is detained in LA County, it may take 6-12 hours.
    Thir fees will probably be the same from defendant to
    defendant, however, providing payment plans and options will be necessary
    so that you can fll the need of the client.

    Comment by jail — February 18, 2015 @ 2:01 am

RSS feed for comments on this post. TrackBack URL

Leave a comment

Powered by WordPress