May 17, 2024

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Plaza Mariachi, ex-Auto Masters owner fraud indictment: What we know

Plaza Mariachi, ex-Auto Masters owner fraud indictment: What we know

  • Mahan “Mark” Janbakhsh, owner of Plaza Mariachi and previous owner of Automobile Masters, was charged and arrested this week
  • Former Car Masters main economical officer Steven L. Piper was also charged and arrested
  • The two face various counts in what investigators get in touch with a multi-million-dollar financial institution fraud scheme

Nashville businessman Mahan “Mark” Janbakhsh, operator of Plaza Mariachi and previous proprietor of Vehicle Masters, was charged Thursday in what federal investigators known as a multi-million-greenback bank fraud plan.

Also charged was former Vehicle Masters main money officer Steven L. Piper.

Janbakhsh, 47, of Brentwood, and Piper, 51, of Joelton, were being arrested Thursday early morning by the FBI.

Janbakhsh denied the allegations in a statement despatched to The Tennessean on Thursday.

Mahan (Mark) Janbakhsh on Sept. 30, 2022, in Nashville, Tenn.

Is Car Masters in problems in this scenario?

No. The latest entrepreneurs of the Automobile Masters chain were being not involved in these rates.

Freeland Car Team purchased the enterprise in 2018 immediately after Janbakhsh filed for bankruptcy. Though they purchased the firm’s identify, logo and inventory, a agent confirmed to The Tennessean on Thursday they did not purchase the previous loan portfolio and have no link with how issues had been previously operate.