Colorado-Bonded Repossessor Named in $2.5 Million Vehicle Theft and Towing Investigation

Denver grand jury indicts 12 in alleged multistate scheme involving stolen luxury vehicles, forged lien documents and predatory towing.

Denver, CO – October 9, 2026 – A Colorado towing company bonded as a repossession agency has been identified in a sweeping criminal investigation involving more than $2.5 million in alleged vehicle theft and fraud losses also appears on the state’s official registry of bonded repossessors, according to records maintained by the Colorado Attorney General’s Office.

Denver Commercial Services Ltd., one of the business names identified in a 187-count grand jury indictment announced Thursday by the Denver District Attorney’s Office, was registered as a bonded repossessor with the state on September 26, 2024.

The company’s appearance on the state repossessor registry adds a previously unreported dimension to an investigation involving allegations of stolen luxury vehicles, fraudulent lien releases, insurance fraud and predatory towing operations.

According to 9NEWS reporting published October 9, 12 individuals have been indicted in connection with an alleged criminal operation spanning multiple states and more than three years.

A Multimillion-Dollar Vehicle Theft Operation

Prosecutors allege that Oscar Salinas Jr. and Zaki Meharzi used towing businesses to facilitate a series of criminal activities between June 2023 and September 2026.

According to the indictment as described by prosecutors, the defendants allegedly stole high-value vehicles, falsified documents to eliminate existing liens and subsequently used or sold the vehicles.

Investigators also allege that stolen vehicles were disguised through vinyl wraps that changed their exterior colors, aftermarket wheels and other modifications intended to conceal their identities.

Among the more unusual allegations is the disappearance of a Lamborghini Urus valued at approximately $184,000.

Prosecutors allege that the vehicle was rented and subsequently involved in a staged carjacking at a Dallas, Texas gas station. Rather than being stolen by unknown assailants, authorities contend that the vehicle was retained by participants in the scheme and transported to the Denver area, where it underwent extensive modifications.

The Lamborghini was reportedly used for several months and remains unrecovered.

In another incident, Salinas allegedly reported his own Lamborghini Huracan stolen from his Lakewood residence and subsequently submitted an insurance claim. The vehicle, valued at approximately $220,000, was later recovered in a Denver parking garage associated with another defendant.

Accident Victims Allegedly Targeted

The investigation also uncovered allegations of predatory towing practices targeting motorists involved in traffic accidents.

According to prosecutors, tow truck operators would arrive at accident scenes and solicit business from vehicle owners, allegedly using deceptive statements to obtain permission to tow their vehicles.

Once the vehicles were removed, owners were reportedly subjected to excessive towing and storage charges.

The businesses identified in the reporting include Denver Commercial Services and Blue Mountain Towing Ltd.

Prosecutors estimate that the combined alleged criminal activities resulted in losses exceeding $2.5 million.

Denver Commercial Services Appears on State Repossessor Registry

A review of the Colorado Attorney General’s registered repossessor bond records confirms that Denver Commercial Services Ltd. was registered with the state as a bonded repossessor beginning September 26, 2024.

The registration identifies Reda Ilyes Meharzi as the company’s contact and lists surety bond number 67164941.

Colorado requires parties hired by secured creditors to recover collateral following default to maintain a $50,000 repossessor bond filed with the Attorney General’s Office.

The registration establishes that Denver Commercial Services Ltd. filed the bond required for repossession work in Colorado. However, the available records do not establish whether the company actually performed repossessions, serviced lender assignments or participated in any repossession-related activity connected to the alleged offenses.

The criminal allegations reported thus far primarily concern vehicle theft, fraudulent ownership documentation, insurance claims and towing practices.

No evidence reviewed by CURepossession establishes that legitimate repossession assignments were involved in the alleged criminal operation.

Multiple Agencies Participated in Investigation

The investigation was overseen by the Denver District Attorney’s Office and led by the Colorado Metropolitan Auto Theft Task Force, operating in conjunction with the Colorado Auto Theft Prevention Authority.

Additional assistance was provided by the Colorado Department of Revenue’s Division of Motor Vehicles, the Colorado Public Utilities Commission and the National Insurance Crime Bureau.

The involvement of vehicle registration authorities and insurance investigators reflects the broad nature of the alleged offenses, particularly those involving fraudulent vehicle titles, lien releases and insurance claims.

The indictment contains 187 criminal counts against 12 defendants. All defendants are presumed innocent unless and until proven guilty in court.

Questions Remain About Repossession Activities

Although Denver Commercial Services Ltd.’s appearance on Colorado’s bonded repossessor registry is documented, several questions remain unanswered.

It is not presently known whether the company performed repossessions for financial institutions, dealerships or other secured creditors, or whether its repossessor bond was maintained for activities unrelated to those described in the indictment.

It is also unclear whether Colorado authorities had previously reviewed the company’s repossessor registration or whether the criminal investigation will result in any action affecting its bonding status.

For the collateral recovery industry, the company’s appearance on the state registry is noteworthy, but the available evidence does not establish a connection between the alleged criminal conduct and the performance of repossession services.

The distinction remains an important one: a business appearing on a state’s bonded repossessor registry does not, by itself, establish that the business actively conducts repossessions.

The indictment and any subsequent regulatory findings may provide further answers as the case proceeds.