Summary – A federal jury has convicted 49-year-old Mark Janbakhsh of Brentwood, Tennessee, on multiple charges including conspiracy to commit bank fraud, bank fraud, making false statements to a bank, bankruptcy fraud, and making a false statement under oath. As CEO and majority owner of Auto Masters, Janbakhsh conspired with others between 2013 and 2017 to submit falsified documents to Capital One and First Tennessee Bank, fraudulently obtaining approximately $26.4 million. Evidence showed he directed employees to delete incriminating records, lied under oath during bankruptcy proceedings, and offered a co-conspirator $300,000 to avoid investigators. The FBI and IRS investigated the case, and Janbakhsh faces up to 30 years in prison and a $1 million fine at sentencing later this year.
NASHVILLE –A federal jury convicted Mark Janbakhsh, 49, of Brentwood, Tennessee, of Conspiracy to Commit Bank Fraud, Bank Fraud, Making False Statements to a Bank, Bankruptcy Fraud, and Making a False Statement Under Oath announced Acting United States Attorney for the Middle District of Tennessee Robert E. McGuire.
“Our office will vigorously pursue dedicated fraudsters like the defendant who lie and cheat for their own gain, and we’re not afraid to make our case to a jury to hold them accountable for their crimes,” said Acting United States Attorney Robert E. McGuire. “I commend the prosecutors and the federal agents who spent years uncovering this scheme, bringing it to light, and achieving a just result for our community.”…