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Anil A. Iqbal, 36, sold a 2013 Lamborghini on consignment for $368,274 to a Nevada man from his brother’s Emporio Motors on Route 17 last April 14 and never gave the owner the money, Ramsey Police Chief Bryan Gurney told CLIFFVIEW PILOT this morning.
Ramsey Detective Brad Smith investigated and obtained a warrant for Iqbal’s arrest.
On Monday, Ramsey police got a call from their colleagues in Egg Harbor in Atlantic County: They’d taken Iqbal into custody after a motor vehicle stop, Gurney said.
Iqbal, like his brother, lived in Egg Harbor. When he was born, the chief noted, “there were mistakes made on his birth certificate.”
Iqbal is charged with two counts of extortion and one each of theft, conspiracy and fencing stolen property.
Last month, New Jersey’s FBI director announced a $20,000 reward for information leading to Khan’s arrest (see below).
Khan, 33, defrauded customers of and lenders to Emporio Motor Group in Ramsey from at least December 2013 through September 2014, obtaining loans for vehicles he had no title for and selling them on consignment without paying the owners, Newark Field Office Special Agent in Charge Richard M. Frankel said.
“For example,” Frankel said, “Emporio submitted a loan application for approximately $150,000 in connection with a sale of a Rolls Royce. The victim had signed the necessary paperwork for the purchase and financing of the car but never received the vehicle.
“One financial institution has an exposure to a potential loss of more than $1.7 million,” he added. “Additional loans and approximately 75 individual victims have been identified.”
Agents with the Federal Bureau of Investigation Newark Division obtained an arrest warrant last October in U.S. District Court in Newark on wire fraud charges for Khan.
“Khan has ties to and may travel to the United Arab Emirates, Canada, the United Kingdom, and Pakistan,” Frankel noted.
He was described as white, 5’10’’ and 180 pounds, with a medium complexion, blue eyes, black hair and a scar on his right arm.
Anyone with information that could help federal authorities find Khan is asked to call the FBI Newark Field Office: (973) 792-3000
MUGSHOT: Courtesy BERGEN COUNTY SHERIFF
Afzal “Bobby” Khan (IMAGES: Courtesy FBI Newark Division)
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