A Colorado grand jury has indicted 12 defendants on 187 criminal counts in an alleged vehicle theft, fraud and predatory towing operation that prosecutors say caused more than $2.5 million in losses. The allegations include stolen tow trucks, stolen vehicles, fraudulent title transfers and forged repossession statements—bringing the case directly into territory familiar to the collateral recovery industry.

According to reporting by CBS Colorado, the alleged operation involved five tow trucks stolen from dealerships, along with a range of other vehicles, including Dodge Chargers, pickup trucks, a Chevrolet Corvette, Cadillac Escalades, commercial trucks and multiple Lamborghinis. Investigators allege the group used fraudulent paperwork to obtain ownership of vehicles and remove legal claims before transferring or selling them.

The alleged use of forged repossession statements is particularly relevant to recovery professionals. Colorado uses a Statement of Repossession form in certain vehicle-title transactions involving repossessed vehicles. The form identifies the lienholder and agent and documents information about the lien, delinquency and possession of the vehicle.

The available reporting does not establish whether the allegedly forged statements were Colorado’s standard repossession forms, whose information appeared on them, or whether actual lender-ordered recovery assignments were involved. Those details will be important in determining how the alleged document fraud operated.

The case also includes an unusual allegation involving a rented Lamborghini Urus valued at approximately $184,000. Prosecutors allege that Oscar Salinas Jr. and another defendant staged a carjacking in Dallas in July 2025, after which the vehicle was transported to Colorado and modified to make it harder to identify. The SUV remains missing, according to published reporting.

Businesses associated in reporting with people named in the case include Denver Commercial Services Ltd. and several towing operations. Denver Commercial Services has appeared on Colorado’s bonded-repossessor registry. That regulatory history is relevant background, but it does not establish that the company performed a repossession connected to the alleged offenses or that the company itself has been found criminally liable.

For the collateral recovery industry, the central question is how the allegedly fraudulent documents were used to obtain vehicle titles and defeat liens, and whether any legitimate creditors or recovery agencies had their information or records misused. The alleged theft of tow trucks also raises questions about how stolen recovery equipment may have facilitated the broader operation.

The indictment and supporting court records may provide more detail about the transactions, the documents involved and the roles prosecutors attribute to individual defendants.

The charges remain allegations, and all defendants are presumed innocent unless proven guilty in court.

Repo Buzz will continue following the case as additional court records become available, with particular attention to the alleged use of repossession documents and the implications for legitimate collateral recovery operations.