Owner and CEO of Auto Masters Indicted for Multi-Million-Dollar Bank Fraud

Brentwood area businessman Mahan Janbakhsh and Steven L. Piper of Joelton were arrested by FBI agents on Thursday for their role in an alleged conspiracy to commit multi-million-dollar bank fraud.

According to the Department of Justice, the indictment charges Janbakhsh and Piper with conspiring to defraud Capital One and First Tennessee Bank (now First Horizon); five counts of defrauding these financial institutions; five counts of making false statements and over-valuing property and securities to influence these financial institutions; and three counts of making false representations during official proceedings.

Read More