News

Tuscon Father-Son Duo Sentenced to Prison for RV Consignment Fraud

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.

The owners of three Tucson RV consignment businesses have been sentenced to prison for defrauding customers out of more than $400,000.

Lorenzo Caracciolo Sr. was sentenced to five years in prison and his son, Lorenzo Caracciolo Jr., was sentenced to 2.5 years in prison, Arizona Attorney General Mark Brnovich said in a news release.

The attorney general said that from January 2010 through October 2013, the duo used their RV consignment business to scam 24 victims out of thousands of dollars, the Arizona Daily Star reports. Brnovich said most of the victims were elderly and their losses ranged from $3,400 to more than $79,000 individually.

“The victims suffered life-altering financial losses,” Brnovich said. “Their testimony and cooperation helped ensure these scammers won’t be harming other Arizona families anytime soon.”

The Caracciolos entered an agreement to sell each customer’s used RV on consignment, but then told the owner it had sold for a lower price and pocketed the difference, Brnovich said.

“Additionally, defendants would deposit the entire sale proceeds into a personal bank account, and never transfer any money from the completed sale to the owner,” the news release said.

The scheme was conducted through three businesses, Canyon State RV, Kickin’ Kampers and RV Coachworks.

http://tucson.com/business/local/tucson-father-son-sentenced-to-prison-for-rv-fraud/article_6a25d587-16c2-5d18-abe6-49739b0778ed.html

Related Articles

Back to top button