Joe Prebul was arrested on charges of wire fraud. Prebul is an auto dealer in Chattanooga. Prebul, 48, is accused of making fraudulent wire transfers involving more than $7 million. Prebul allegedly scammed his relative by claiming the money would be invested.

Joe Prebul supposedly used the money to support his business, expensive personal life style, and paying credit card bills of himself and his wife. Prebul was released on bail based on a $2 million appearance bond. Prebul did not have to come up with upfront money. Details of Joe Prebul’s case are at the link.

Video of Joe Prebul.

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This entry was posted on Tuesday, February 10th, 2009 at 10:20 pm and is filed under Gossip, News.