A 62-year-old man from Mexico living in Orange County illegally is accused of embezzling $7 million from a Newport Beach company that specializes in purchasing classic cars, federal officials announced.
Alexander G. Ramos, a resident of Newport Beach, had been employed in the company’s risk management department from 2017 until is termination in Sept. 2024, according to a news release from the U.S. Department of Justice.
Federal prosecutors allege that in the 62-year-old’s position in the company, he was of his employer’s loans and had relationships with title agents and other partners across the country. It was his job to oversee requests by the company’s title and risk department as well as the business’ accounting department for payment of titles…