Luxury Car Thieves Busted in $10M Scheme

21 people arrested.

Wednesday, May 25, 2011  |  Updated 12:38 PM EDT
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The suspects are accused of stealing nearly 300 expensive cars.

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More than a dozen men arrested in overnight raids are part of a ring suspected of stealing 291 expensive cars in New York City worth more than $10 million, authorities say.  

Police say the men used information obtained by car dealership employees to make counterfeit keys.

City Police Commissioner Raymond Kelly says the 21-member ring was doing "a swift business'' in reselling Lexus and Toyota vehicles in the U.S. and overseas.     

New York Attorney General Eric Schneiderman says 16 of the people indicted face felony enterprise corruption charges.     

According to authorities, they expected to arrest all but two ring-members Tuesday night and Wednesday morning.     

They include brothers who worked at a Brooklyn-based Toyota dealer who used cars' identification numbers to search the Toyota/Lexus database to find the corresponding key codes.

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