Luxury Used Car Dealership Investigated For Fraud

Posted at 6:20 PM, Jun 23, 2015
and last updated 2015-07-09 01:31:58-04

MURFREESBORO, Tenn. - Murfreesboro Police are investigating multiple complaints of fraud made by customers of a car dealership. The business at the center of the investigation is Nashville Motor Cars in Murfreesboro.

Police said dozens of victims may be out millions of dollars.

Nashville Motor Cars specializes in top end cars and trucks. Tuesday night both locations in Murfreesboro and Smyrna were closed.

"You're looking at BMWs, Tahoes, Suburbans, Corvettes," customer Rick Dench said.

Dench thought about getting a new Suburban, but no one was there in Murfreesboro.

"I came up here and it's what you see now a barren lot," Dench said.

The company was supposed to be selling Billie Jo Josovitz's 2001 Porsche Boxster convertible on consignment. Two months ago she agreed to pay the company $500 to sell the car.

"On Saturday I drove past the dealership is closed up tight. All the inventory is gone, and we have no idea what happened to our cars," Josovitz said.

She just wants her car back or some money. Josovitz said her Porsche was worth $13,000.

"I think it's horrendous. I think it's maybe greed. I don't know what would cause something like this to happen."

Josovitz and several other people have filed police reports.

Murfreesboro Police Sergeant Kyle Evans said the department is investigating multiple complaints of fraud. They include allegations of leaving liens on trade-ins unpaid resulting in customers stuck with the debt.

"They never did pay off the car, and in fact resold it to someone else," Evans said.

Steven Burris traded in his 2006 Mustang for the silver 2003 Porsche. Burris said after agreeing to an even trade, the company demanded $1,400 in fees for the title. He now has a car with no title.

Just last month the Better Business Bureau suspended the accreditation of Nashville Motor Cars.

Complaints from customers were similar to what Murfreesboro Police are now investigating.