The boss of Nottinghamshire used car dealership Motor Value funded a lavish lifestyle from deceiving people into buying cars that were unfit for purpose.
Samuel Smith had “minimal repairs” done on vehicles to be able to sell them for large profits, made bogus claims that cars had RAC warranties, and became aggressive with customers who complained, Nottingham Crown Court was told.
The 34-year-old married father of one “lived the high life” off the profits, including buying a Ferrari and paying for expensive holidays.
After an investigation began, the operation discovered more than £1.1 million in a Lloyds bank account, prosecutor Simon Eckersley told the court.
Smith remains subject to an investigation by HM Revenue & Customs.
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