PHILADELPHIA (KYW Newsradio) — A Philly man is facing charges after officials said he used his business to run a fake car title scheme.
The investigation into 40-year-old Adam Richardson began after a Pennsylvania State Trooper impounded a vehicle titled through his business, Richardson Family Enterprises LLC.
Officials then traced several stolen cars back to Richardson and uncovered a title-washing scheme.
Attorney General Dave Sunday said Richardson titled 65 stolen vehicles valued at more than $3.8 million, with fraudulent documents between 2023 and 2024.
“Richardson was paid a sum to provide falsified documentation to PennDOT, essentially requesting Pennsylvania titles for vehicles titled in another state,” Sunday said.
“There was a quarter of a million dollar Ferrari, multiple six-figure Mercedes-Benz, high-end BMWs, and Cadillacs.”
The vehicles were then resold online to unsuspecting customers or buyers who already knew they were stolen. Nearly 40 vehicles have been recovered.
Sunday said Richardson was arrested on Friday, and is charged with corrupt organizations, title washing and other related charges.