State, county agencies raid several car lot locations on south side of Indianapolis

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

INDIANAPOLIS, Ind. (March 1, 2016) – State, county and local police conducted a series of raids at several car lots around Indianapolis.

Court documents reveal the owner of a south side auto business, Sperros LLC, is allegedly behind a questionable bankruptcy operation.

Indiana State Police and the Marion County Prosecutor’s Office were among the agencies involved in the raids, which began Tuesday morning as investigators served a series of search warrants. At least two locations that were targeted: Bluff Road and West Street; 11th and Hanna Avenue. At the Bluff Road location, officers were seen carrying boxes out of a business and towing vehicles.

A former mechanic for the company told CBS4Indy he quit, because he was suspicious of the business’ owner, Brian Fenner. Fenner is currently facing over a dozen lawsuits from major banks and auto companies like Ford and Nissan.

The former employee alleged Fenner would hire a network of bankruptcy attorneys who would tip him off when a client had a car they couldn’t afford to keep.

The employee stated Fenner would allegedly pay the bankruptcy fees in exchange for the vehicle and then sell the cars for a fraction of the actual cost of the car.

But according to court records, many of the cars still had loans and the lenders have since sued.

Fenner’s attorney was present at the scene and said he had spoken to authorities, but would not comment further on the investigation.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s