Owner of exotic car dealership arrested for bounced checks

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Check for the latest breaking news and developments.
Published Aug. 10, 2018

The owner of a Tarpon Springs car dealership was arrested Friday afternoon as police investigate five cases of bounced checks from the business totaling more than $185,000.

Wassim Rouh Nasr, 50, was arrested at Exotic Motorcars Dealership on U.S. 19, according to a Tarpon Springs police news release. He faces a charge of fraud involving a security interest for the sale of a 1965 Ford Cobra Mustang that his dealership had on consignment.

The vehicle arrived at the dealership in May and the owner wanted it sold for $57,000, the release said. Exotic Motorcars sold the car to an overseas dealer for that amount, but told the owner it was sold for $5,000 less.

When the dealership issued the owner a check for the $52,000, it bounced due to insufficient funds, the release said. The owner was given another check, which cleared.

Authorities were notified about the situation after the check bounced, and an investigation revealed the dealership had sold the car for $5,000 more than the business told the owner and had forged a Power of Attorney and a Certificate of Title for the car, according to the release.

Police said "the crimes uncovered during this investigation ...don't appear to be isolated.

They are now investigating four other complaints regarding bounced checks from the dealership that equal more than $185,000.

Anyone with information about the investigation is asked to call Detective Lemmon at 727-938-2849.