Local

Jacksonville car dealership under investigation in connection to alleged fraud

Jacksonville car dealership investigated for fraud

JACKSONVILLE, Fla. — Action News Jax has confirmed that a local exotic car dealership is being investigated in connection to alleged fraud.

Action News Jax Investigates ran a story last week when Bul Auto Sales, 11619 Beach Blvd., abruptly shut down.

>>> STREAM ACTION NEWS JAX LIVE <<<

Police reports state that there are several complaints involving title forgery and fraudulent vehicle sales tied to the business. The report states that vehicles that were not registered in any state were repossessed.

Another report states that a man says he bought a car at Bul Auto Sales and drove it for months until he found out the car was never registered in his name.

This all comes after a New York television station, WNYT-Albany, contacted Action News Jax when it found out police there are investigating the dealership for potential fraud.

Customers there claimed bank loans related to cars were never paid off.

[SIGN UP: Action News Jax Daily Headlines Newsletter]

Shawn Branlund was a technician at the dealership. On May 30, He says he reached out to the owner after hearing of potential problems at the Albany location.

“He said to just come in on Monday, and we would talk about it, kind of explain what’s going on,” Branlund said. “On my end, I did come in on Monday to hopefully talk to the owner, Val, who never showed up, never got a hold of him. We ended up getting all our equipment out, just our personal belongings.”

Karma opened in Jacksonville in 2022. According to Sun Biz, it is owned by Vladimir “Val” Ranguelov, who also owns Bul Auto Sales in Albany, New York.

[DOWNLOAD: Free Action News Jax app for alerts as news breaks]

Statement from Karma Automotive Regarding BUL Auto Sales and Service:

“Karma Automotive, Inc., (“Karma”) is aware of recent allegations involving Bul Auto Sales and Services, Inc. and Bul Auto Sales FL, Inc. (collectively “Bul Auto Sales”). These matters are being taken seriously. Karma will be fully cooperating with any requests received from relevant authorities to ensure a thorough and transparent investigation.

“The integrity of Karma’s brand and the trust of our customers are of the utmost importance. Upon learning of the allegations, we immediately took internal actions and suspended all business activities with Bul Auto Sales pending the outcome of any investigations.

“While we are unable to comment on the specifics of the allegations, we want to assure our customers, partners, and stakeholders that Karma is committed to upholding the highest standards of ethical conduct across all levels of our business and operations.

“Karma will continue to monitor the situation closely and take any necessary actions to protect our customers and the reputation of our brand.”

Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.

0
Comments on this article
0

mobile apps

Everything you love about wokv.com and more! Tap on any of the buttons below to download our app.

amazon alexa

Enable our Skill today to listen live at home on your Alexa Devices!