The American Greed episode “Jersey Car Stealer Dealer” profiles Afzal “Bobby” Khan, owner of the luxury car dealership Emporio Motor Group in Ramsey, New Jersey. The dealership closed in September 2014 after Khan was accused of pocketing car loans and selling cars that weren’t his. The FBI believes he has fled the country — his parents are from Pakistan. In June 2015, the FBI charged Khan with five counts of wire fraud. In February 2016, media outlets received an email said to have been written by Khan.
The email states: “Here is a quick overview of what happened: Emporio Motor Group fell behind on payments due to tax issues and losing credit lines. This coupled with the death of my son and myself being diagnosed with a brain tumor meant that the business faced certain hardships. Due to tax issues I lost my line of credit and TD Auto Finance, which was my sole source of financing for clients, cut me off completely.” The email goes on to blame the banks for Khan’s hardships: “As most people know these banks will take and take but the moment there is a hiccup they will destroy you.” He added, “The moment I fell behind they cut my credit line and went after my business and destroyed my family.”American Greed airs Thursdays at 10pm on CNBC.
