The Expert Podcast

Well that escalated very quickly We've talked many times before about the Carvana paperwork problems and they've lost her license in a few states but now. One of their executives is facing criminal charges in the state of Illinois. Paul Breaux who is their investor relations…Is being charged criminally. Because. They violated laws about getting paperwork to vehicles…What did this person do Well they weren't even the one who actually directed this. According to the article allegedly what this person did was just, he was listed as the. Responsible party on the Carvana. licensing. Application. So because of the fact that they were doing things allegedly with vehicle titles and issuing duplicate temporary registrations from other states that violated the law. Normally a government agency won't get involved with charging a company criminally let's it's really serious So they must think that something is really going on behind the scenes And we've talked about it before We don't know how. serious this potential title problem is if it involves financing if it involves a securitization, if it's part of the, you know stock valuation. But the fact that a company executive has been charged criminally for paperwork problems. It's something that's unprecedented. We haven't seen too many times so continue to follow the story, let us know in the comments, what your thoughts are