San Luis, AZ August 6 -- A former used car dealership owner arrested in San Luis last weekend.
Ken Stevenson owned T and K Auto. He was arrested in San Luis on Saturday, July 21. Ken Stevenson is known for the luxury vehicles he used to sell at T and K Auto on Pacific. The reason for his notoriety might change with news of his arrest.
Ken Stevenson faces two felony charges, one for theft, the other for fraudulent schemes.
According to court documents KSWT News 13 obtained Friday, Stevenson is accused of selling vehicles with unsecured titles. The vehicles according to the documents, were owned by AEA Federal Credit Union.
As for the theft charge, court documents say Stevenson took a 2005 GMC Yukon worth $4,000.
A grand jury returned the indictments last week and Stevenson was arrested on Saturday by the San Luis Police Department.
T & K Auto closed late last year. The used car dealership specialized in the sale of used high-end luxury vehicles such as Mercedes-Benz, Lexus, Hummers and Cadillacs.
We tried to contact Stevenson's attorney Friday. So far our calls have not been returned.
He has entered a plea of not guilty, according to court records.
The Yuma County Sheriff's Office has been investigating a fraud complaint about Stevenson's dealership since December of last year.
The sheriff's office will not talk on camera about the investigation. They will only say that it is on-going.
Stevenson is being held on a $150,000 bond. He's due back in court next week.
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