Police arrested a Metairie used car dealer accused of evading sales taxes.
Joseph Wayne Leone was booked into the East Baton Rouge Parish Prison on charges of theft, failing to account for state tax monies and injuring public records. He's the 43rd person arrested as part of a joint anti-fraud investigation by the state Attorney General's Office and the Louisiana Department of Revenue.
Investigators say Leone bought a 2006 Ferrari for $124,000 from a dealer in Florida and a 1956 Lincoln Continental in Texas for $44,000, using his LDR Resale Certificate. The certificate allows dealers to avoid sales tax, as long as the vehicles are resold to customers. Investigators say Leone kept the cars and registered them for his personal use, without paying the taxes.
Leone owes more than $9,400 on state sales taxes for the two cars.
The Louisiana Department of Revenue says Leone's used motor vehicle dealer's license was revoked and investigators are looking into the possibility of other violations.