LOS ANGELES (CBSLA) – A Baldwin Hills man was arrested on Wednesday for federal allegations. He defrauded dozens of victims in which he convinced them that he could find people to take over the rental contracts for their luxury cars.
Geoffrey Hull, 40, was arrested by Homeland Security Investigations agents for six wire fraud cases, the U.S. attorney said Thursday.
Hull worked outside the offices on Sunset Boulevard in Hollywood.
According to prosecutors, Hull ran several companies through which he addressed people who were looking for others to take over the rental contracts for their cars.
Prosecutors allege that he persuaded at least 115 people across the country to hand over the leases for Bentleys, Ferraris, Porsches, Maseratis and other such vehicles by convincing them that he would do the leases himself until he found other qualified buyers have.
Instead, however, Hull rented out the vehicles and kept most of the money to himself, made hardly any lease payments and passed on very little of the rental money to the original lessees, the complaint said.
He also often ignored her request to return the vehicles and forced them to file stolen vehicle reports with law enforcement officials, the Justice Department said.
Hull would also change the name of his company if he received negative reviews online. Some of his company's names include Exotic Lease Transfer, Luxe Lease Transfer, Shift Lease, Veer Lease, Torque Transfer and Haven Transfer.
“Customers, local and federal law enforcement agencies repeatedly told Hull that his business was fraudulent, Hull had been sued several times for fraud and willful misrepresentation, received dozens of lawyers' letters of formal notice, and was questioned by the media about his failure to sign a rental agreement as promised, ”says the complaint.
He should be indicted on Thursday in a federal court. He can face a maximum sentence of 120 years in prison if he is convicted.