February 28, 2018 |
Their haul’s come to a halt.
Manhattan District Attorney Cyrus R. Vance, Jr., Police Commissioner James O’Neill and New York City Department of Investigation (DOI) Commissioner Mark G. Peters announced the takedown of an expansive fraud scheme involving the city’s towing industry.
At a February 21 press conference, Vance announced the indictment of multiple individuals and companies for maintaining an unlawful monopoly on the industry through an elaborate series of schemes involving shell companies, insurance fraud, bid rigging and other crimes. The charges, filed in New York State Supreme Court, involved 17 individuals and 10 companies charged with Enterprise Corruption, Scheme to Defraud in the First Degree, Conspiracy in the Fourth Degree, and Offering a False Instrument for Filing in the First Degree, among other charges.
“If you were involved in a collision between June 2015 and December 2017 and received assistance from a tow company, chances are you were an unwitting customer of an illegal enterprise that dominated New York City’s towing industry until our takedown today,” said Vance. “In order to ensure fair competition and encourage entrepreneurs to set up shop here in the city, we cannot allow this type of systemic fraud and abuse to persist within any industry.”