A Kinnelon man faces 10 to 20 years in prison after a jury found him guilty Thursday for accepting payment and not delivering a rare exotic car worth more than $100,000.
Dennis Aiello, 59, was found guilty of theft by failure to make a required disposition and conspiracy to commit theft by failure to make a required disposition, Acting Morris County Prosecutor Fredric Knapp announced in a press release.
Authorities accused Aiello of bilking $105,000, including a $10,000 deposit, from Tuan Nguyen. Nguyen entered into an agreement to purchase a rare Lamborghini from Aiello and wired him $95,000. Nguyen never received the vehicle. Bank records show Aiello used the money on business and for “his personal expenses,” Knapp said.
Aiello is the former owner of Any Auto Sales in Riverdale on Route 23.
The eight-day trial concluded Wednesday. The jury returned its verdict after one day of deliberating.
Aiello faces five to 10 years on each count.
Judge Mary Gibbons Whipple remanded the Aiello to the Morris County Correctional Facility pending sentencing. He is scheduled to be sentenced in February.
Aiello’s son Justin, 29, who cooperated with authorities and testified during the trial, pled guilty Oct. 17 to conspiracy to commit theft by failure to make a required disposition regarding the $10,000 deposit he reportedly kept, Knapp said.
The young Aiello testified that his father wanted “to stall” the transaction in order to give him time to “get some money together.”
Assistant Prosecutors Sahil Kabse and Amy Knutsen represented the state during the trial.
“Assistant Prosecutors Kabse and Knutsen both worked extremely hard on this case,” Knapp said in a press release. “Notwithstanding excellent defense representation, they presented a clear picture to the jury as to how the defendant perpetrated these crimes.”
The Riverdale Police Department and the prosecutor’s office Fraud Unit contributed to the investigation.