Treadz Auto accused of vehicle consignment fraud facing 164 charges

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A Calgary man has been charged with 164 fraud and theft charges after a lengthy investigation into his vehicle consignment company. It’s alleged that 94 people agreed to sell 116 vehicles on consignment through Treadz Auto Group from 2011 to 2014, each of them paying $299 and signing a contract. Police say 78 of the vehicles were allegedly sold to unsuspecting buyers while Treadz failed to compensate the original owner for the vehicle sale, and in some cases also failed to pay off the liens associated to the vehicles.

Read the full article at CBC News.