Trial delayed in Dusty Old Cars case
NASHUA – The criminal trial in Nashua against Dusty Old Cars owner Stephan Condodemetraky has been knocked off its expected Monday start, and pushed back into January.
Condodemetraky faces seven felony charges in Nashua related to his now defunct classic car consignment dealership. There are also trials expected in Merrimack County, where he faces 20 felony counts, as well as Rockingham County, where there are four additional felony charges.
Condodemetraky’s saga started more than two years ago as stories about customers being cheated started to surface. The complaints ranged from buyers not getting the car they bought, to consignment sellers never seeing their share of the profits. The complaints wracked up with the New Hampshire Attorney General’s Office, and by late 2016, Condodemetraky was scrambling for financing to pay off the complainants. At one point, he sent his financial statements to The Telegraph by mistake.
In early 2017, the AG’s office was closing in and Condodemetraky filed for Chapter 11 bankruptcy. That protected him from lawsuits and would have allowed him to get financing to restructure. However, when Nashua attorney Michael Askenaizer was appointed as the bankruptcy trustee, he found Condodemetraky had removed business records and possibly computers from the building.
By May 2017, the grand jury convened in the Merrimack County Superior Court in Concord handed up 20 criminal charges, one count of witness tampering, nine counts of forgery and 10 counts of title application fraud. Those charges relate to Manchester resident Brad West’s car collection, which Condodemetraky used to secure an old debt in Connecticut, despite not actually owning any of the cars, according to court records. Condodemetraky is accused of forging titles and registrations for the collection.
After more than 130 complaints filed with the Attorney General, 11 more theft charges came forward; seven in the Hillsborough Superior Court-South, and four in the Rockingham County Superior Court.
In December, Askenaizer accused Condodemetraky of operating the business as a Ponzi scheme. As part of a lawsuit seeking close to $5 million Condodemetraky took through the business, Askenaizer accused him of burning through loans and investments to fund his lifestyle, while the business maintained an unsustainable business plan. Condodemetraky eventually settled that claim with an agreement to pay less than $100,000.