Afzal Khan is wanted for allegedly defrauding customers and financial institutions while he was the owner of Emporio Motor Group, a car dealership in Ramsey, New Jersey. From approximately December 2013 to September 2014, Khan allegedly obtained loans for vehicles that were never delivered, obtained loans for vehicles without proper title, and issued insufficient funds checks. Khan also allegedly offered to sell vehicles on consignment and then neither returned the vehicles nor provided any funds for the vehicle sales. One financial institution has an estimated exposure of $1.7 million in automobile loans. Additional fraudulent loans, and approximately 75 individual victims, have also been identified.
A federal arrest warrant was issued for Khan on October 21, 2014, by the United States District Court, District of New Jersey, Newark, New Jersey, after he was charged with wire fraud.