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An alleged fraudster CEO's car collection just auctioned for $44 million

From businessinsider.com.au

A former payroll-processing CEO was accused of defrauding clients out of more than $100 million last year. Since then, he's resigned from his company and filed for bankruptcy — over the weekend, his staggering collection of nearly 300 vehicles was sold off to pay his mountain of debt. Najeeb Khan — who founded and ran Indiana-based payroll firm Interlogic Outsourcing Inc. — amassed a $98 million fortune and a car collection to rival Jay Leno's before his alleged fraud scheme came crashing down, according to documents reviewed by The South Bend Tribune. As Khan declared bankruptcy in the wake of the accusations, a ... (full story)

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