Close Menu
  • Home
  • COMMUNITY NEWS
  • LOCAL NEWS & EVENTS
  • SCHOOL NEWS
  • MILITARY NEWS
  • CRIME / PUBLIC SAFETY
  • THINGS TO DO
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • NORTHWEST FLORIDA NEWS
  • FLORIDA NEWS
  • Contact
Facebook
Facebook X (Twitter) YouTube
Niceville.com
Niceville.com
Home»FLORIDA NEWS»Kissimmee auto dealer indicted for wire fraud
FLORIDA NEWS

Kissimmee auto dealer indicted for wire fraud

Niceville.comJune 16, 20242 Mins Read
Indictment printed on the cover of a paper binder with gavel
Indictment. (File photo)

ORLANDO, Fla.—A Kissimmee auto dealer was charged last week with multiple counts of wire fraud, according to the U.S. Attorney’s Office for the Middle District of Florida.

Advertisement
Deer Moss Creek® advertisement by Ruckel Properties, Inc. promoting available homes and lots.

Niceville.com Community Partner

On Thursday, United States Attorney Roger B. Handberg announced the return of an indictment charging Hani Wafik Kaakati, 43, with 24 counts of wire fraud. Mr Kaakati faces a maximum penalty of 20 years in federal prison on each count if convicted.

The indictment also notifies Mr Kaakati that the United States is seeking an order of forfeiture for the proceeds of the alleged criminal conduct, said to be at least $443,137.98.

According to the indictment, Kaakati, through his car dealership, NextGear Automotive, entered into a floorplan financing agreement with victim Company 1. In September 2019, Mr Kaakati reportedly misrepresented to Company 1 the availability of funds in NextGear Automotive’s bank account so that Company 1 would release 24 car titles to him.

Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

Niceville.com Community Partner

According to the indictment, Kaakati had withdrawn money from that bank account so that there would be insufficient funds to cover the amount owed to Company 1 for the car titles under the floorplan financing agreement. As a result, Company 1 initiated 24 ACH transactions with NextGear Automotive’s bank account in the total amount of $528,337.98, all of which were reportedly returned for insufficient funds.

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law. Every defendant is presumed innocent unless and until proven guilty.

This case was investigated by the Federal Bureau of Investigation and the Seminole County Sheriff’s Office. It will be prosecuted by Assistant United States Attorney Risha Asokan.

Advertisement
Deer Moss Creek® advertisement by Ruckel Properties, Inc. promoting available homes and lots.

Niceville.com Community Partner

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCommunity mourns passing of beloved coach and veteran Jerry Colquitt
Next Article Miami tax preparer sentenced to 30 months for tax fraud scheme

Related Posts

Walton County Sheriff’s Office emblem on the side of a patrol vehicle.

DeFuniak Springs man admits firing shots, arrested by Walton deputies

October 10, 2025
Deputy Jacob “Kyle” Behrens receives the Life Saving Award from Sheriff Eric Aden.

Walmart parking lot crisis leads to Life Saving Award for OCSO deputy

October 10, 2025
Eeyore the family dog who helped rescue his owner’s injured mother in Destin.

Family dog leads deputy to rescue injured grandmother

October 8, 2025
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

Niceville.com Community Partner

COMMUNITY PARTNERS
  • EGLIN FEDERAL CREDIT UNION
  • EYEWEAR UNLIMITED
  • HAIR EXPRESS
  • MIDBAY VETERINARY HOSPITAL
  • NICEVILLE FARMERS MARKET
  • NICEVILLE INSURANCE AGENCY
  • RUCKEL PROPERTIES, INC.
  • THE WHARF 850
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Advertisement

Niceville.com Community Partner

ABOUT NICEVILLE.COM

PRIVACY POLICY

TERMS OF SERVICE

© 2025 Niceville.com. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.