ENGLEWOOD, N.J. -- An Englewood man who scammed his friend and business associate out of $84,500 in a luxury car deal was back in court Friday to make an installment payment on restitution.
Dean Buncombe, 36, was a “finder” for luxury autos -- locating and negotiating the sale of cars, arranging their delivery, and earning a commission of one percent on the sales.
After buying an $83,000 Lexus in Massachusetts for an Englewood buyer who paid him up front, Buncombe got into a jam: Authorities said he sold cars for export despite a contract with a vehicle wholesaler, for which he was forced to pay a $10,000 fine.
That left him short on the Lexus and forced the Englewood dealer to take a $75,000 loan -- at 7% interest -- to pay for the car.
As part of a plea deal with prosecutors, Buncombe agreed to continue paying his former business associate $2,000 a month -- an arrangement that spants three years and four months.
A judge in Hackensack approved the arrangment in late October after hearing from the victim, who said that he still considers Buncombe a brother and would welcome him into his home.
Under the judge's order, Buncombe returned to court on Friday and provided two blank money orders that defense attorney Kevin G. Roe filled out for him for a total of $2,000.
Superior Court Judge Edward Jerejian told Buncombe to return with another $2,000 next month.