A federal grand jury in Dallas on Thursday indicted the former owner of a top-end car dealership on bank fraud charges.
Jeremy Wiggains, 40, was accused of lying about car sales to a bank to obtain money. Some customers complained they paid for expensive cars but never got them.
Wiggains operated Straight Line Automotive Group in Dallas, which sold exotic cars, including Ferraris.
IRS agents raided his multimillion-dollar house in Preston Hollow in October 2013.
In a bankruptcy filing a few years ago, Wiggains said he had assets of about $1 million but owed people and companies as much as $50 million.
Wiggains could not be immediately reached for comment.
His bankruptcy attorney, Gerrit Pronske, did not return a call for comment late Thursday.
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Read the entire indictment below.
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