Jacksonville, FL — Two men tied to a luxury car dealership in Jacksonville are facing felony charges after investigators say they orchestrated an organized fraud scheme approaching $1 million.
The Jacksonville Sheriff’s Office (JSO) announced the arrests of 48-year-old Vladimir Anguelov Rangelov, owner of Bul Auto Sales doing business as Karma Jacksonville, and 28-year-old Igor David Westerman, a lead salesman at the dealership. Both are accused of taking payments for high-end vehicles without providing proper titles or registrations.
Fraud Involving Luxury Vehicles
Investigators say the men collected money for vehicles sold through direct dealership sales and Bring a Trailer auctions. Customers wired large sums, only to be left without the cars or documentation they had paid for.
Victim accounts revealed staggering losses:
- $235,000 wired for a 2019 Chevy Corvette ZR1.
- $92,000 for a Range Rover.
- $211,000 for a 2022 McLaren 720S.
- A $300,000 loan agreement tied to a Rolls-Royce that never materialized.
In total, police say nine victims were defrauded between late 2024 and mid-2025, with combined losses nearing $1 million.
According to JSO’s report, when buyers attempted to contact the dealership about missing vehicles or paperwork, they discovered that the business had closed. Attorneys later confirmed that Karma Jacksonville had filed for bankruptcy.
Charges and Bonds
Authorities charged Rangelov with:
- Dealing in stolen property via the internet
- Organized fraud
- Obtaining a motor vehicle with intent to defraud
He was booked on a bond exceeding $125,000 and will be required to wear a GPS monitor if released.
Westerman faces similar charges of fraud and stolen property, with his bond set at $70,000.
“This case underscores the dangers of high-dollar transactions without verified title transfers,” JSO officials said in announcing the arrests.
Hearings Ahead
Court records show both men are expected to appear in hearings over the coming weeks. Prosecutors say the investigation is ongoing, as more victims may come forward.
The Jacksonville Sheriff’s Office urges anyone who may have been defrauded by the dealership to contact their Economic Crimes Unit.
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