Collierville luxury car salesman defrauds NBA legend Dr. J and several others - Memphis Commercial Appeal
According to the indictment, from October 2010 to September 2013, Michael Gerard Brown offered upscale vehicles for sale through his business, Valkry Corporation and Exotic Cars South with offices in Collierville and the Atlanta area. The indictment stated that once Brown received payments from customers, he would partially satisfy purchase orders for the vehicles or fail to deliver the vehicles. As a result, Brown, 57, fraudulently obtained more than $2 million that he used for his personal benefit, as well as travel and business expenses, according to the indictment. Brown also used the funds to purchase additional vehicles, which he advertised to new customers through the company’s website, the indictment states. Brown’s victims included basketball legend Erving, according to the indictment. In October 2010, M Super Car International based dealership in Macau placed an order with Brown to purchase 16 Mercedes-Benz vehicles and a customized Porsche. The dealership made multiple wire transfers from its bank accounts to Valkry Corporation’s First Tennessee accounts for a total of $1. 2 million for the vehicles, according to the indictment. The indictment states that Brown used the funds from M Super cars for his personal use, to pay business and travel expenses and to buy other vehicles, which he. Source: www.commercialappeal.com
