37 Year Old Man Arrested for Fraudulent Schemes

Stig Dahl , a 37-year-old Norwegian man has been arrested on Wednesday August 24, 2011 in Hermosa Beach on suspicion of using fraudulent bank accounts to buy cars and properties across the country.

That Wednesday afternoon, Dahl was in the process of attempting to buy a 2007 Mercedes with a personal check. The car dealership contacted the police.

When Dahl was contacted by authorities at his Manhattan beach home he was leasing, a stolen 2011 Dodge Charger in the garage that he illegally purchased in Texas was discovered. The owner of the Manhattan Beach home told Detectives that Dahl alsa agreed to purchase his Hermosa Beach home for $3 million.

Detectives believe Dahl has scammed banks, car dealerships and property owners out of more than $200,000.

According to investigators, Dahl created a false development business, S & D Development, which he used to attract potential victims into believing that he was a legitimate businessperson.

Dahl has admitted to using fraudulent checking accounts to purchase cars and properties in different states.

Dahl is being held on $20,000 bail. Dahl faces felony burglary, fraud and theft charges and is at risk of spending a long time in prison.

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