“From Riches to Regret: Inside the Heartbreaking Scandal of a 74-Year-Old Utah Scammer’s Desperate Betrayal”
Added on February 18, 2025 inEntertainment News Cards, RECENT NEWS CARDS
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In a world where financial schemes often seem too good to be true, Nghia Thi Sabol, a 65-year-old Vietnamese woman from Utah, has taken deception to new heights—literally pulling the wool over investors’ eyes in a staggering $943,250 auto leasing scam. Imagine showing up to a fancy “test drive” event only to realize you’ve just purchased a ticket to a con game instead of a car. Sabol, through her company W.A.V.E., LLC, lured in hopeful investors with promises of monthly returns that would make a bank blush. But behind the curtain, reality painted a different picture: no cars, no contracts, and certainly no cash waiting in the wings—just a trail of disappointed investors left wondering how they got hoodwinked. With a previous felony fraud conviction hidden like a bad secret and a stint in prison for another scheme, her story raises an eyebrow—how do some become serial scammers while others barely scrape by? Buckle up, because this tale is a wild ride through the world of financial fraud. To dive deeper into this intriguing case, click here to LEARN MORE.
Via Prison Audio on YT | Nghia Thi Sabol, a 65-year-old Vietnamese citizen living in Utah, pleaded guilty to wire fraud in connection with a $943,250 auto leasing scam. Through her company, W.A.V.E., LLC, she promised investors 4-5% monthly returns and falsely claimed to have contracts with major U.S. car manufacturers for a “test drive” leasing program. Investors paid upfront fees, expecting brand-new cars, but in reality, the entire operation was a fraud.
Sabol misled investors by claiming that W.A.V.E. attorneys had millions in funds waiting to be distributed, when in fact, no such money existed. She also failed to disclose that she had a previous felony fraud conviction, was on parole, and was legally prohibited from handling investments. Court documents revealed that most investors lost all or nearly all of their money while she continued to funnel funds into the scam.
At the time of her federal indictment, Sabol was already serving time in Utah State Prison for an unrelated securities fraud case. She was charged with four counts of wire fraud and one count of money laundering, following an investigation by the FBI and IRS Criminal Investigation. As part of her plea agreement, she admitted to deceiving investors and agreed to a 24-month federal sentence, which would run concurrent with her current state prison term.
U.S. District Judge Clark Waddoups will impose her final sentence on April 14. In addition to 24 months in prison, she will face three years of supervised release and be required to pay restitution to victims. Prosecutors argue that her repeated fraudulent behavior proves she is a serial scammer who built a career on deception, leaving her victims with nothing. | Posted by Thrillz
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