Couple accused in Las Vegas fraud scheme that netted nearly $60M

A couple facing dozens of felony charges is accused of orchestrating an investment fraud scheme that Las Vegas police said racked up close to $60 million.

Jong Rhee, 45, and Neelufar Rhee, 34, persuaded victims to invest in a series of exotic vehicles and boats, according to the Metropolitan Police Department.

The couple told investors that the assets would be resold to overseas buyers at massive profit margins, but police said no buyers existed.

The Rhees orchestrated the alleged fraud through two businesses they owned: Twisted Twins Motorsports LLC and Lusso Auto Spa, according to police.

They used the money for “personal enrichment,” police said.

Jong and Neelufar Rhee were booked into the Clark County Detention Center on May 22 on suspicion of over 75 fraud-related charges each, including multiple counts of racketeering, forgery, theft and money laundering, according to police.

They were released on $100,000 bail and are set to appear in court Monday. The documents in the case are sealed, according to the Las Vegas Justice Court.

Metro said it believes there are more victims.

Anyone who had dealings with the couple is asked to contact criminalintel@lvmpd.com.

Contact Katie Futterman at kfutterman@reviewjournal.com. Follow @ktfutts on X and @katiefutterman.bsky.social.