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Fed agents raid Scottsdale luxury business, 3 accused of money laundering

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PHOENIX (KSAZ) -

They are in the business of selling luxury fancy cars and expensive jewelry.

But federal prosecutors say three Scottsdale businessmen were doing something much more sinister.

They're all accused of laundering money by taking cash that they knew was drug money in exchange for expensive pieces of jewelry and high price automobiles.

Federal agents went undercover, posing as drug dealers. They say the owners of Luxor Auto Group on Scottsdale Road and Isaac Jewelers in Kierland Commons were all willing to accept thousands of dollars in drug trafficking money and to hide those transactions from the government.

Brothers, Hamid and said Salari were once hailed as successful Scottsdale businessmen but their alleged shady dealings has them in trouble with the feds.

This week federal agents raided their auto dealership, Luxor Auto Group and put them out of business.

The lot once filled with Porsches and range rovers now empty.

According to an affidavit undercover agents began their investigation last September. An agent told the Salari brothers he that he sold ecstasy and wanted to buy a car in cash with the drug trafficking money.

Agents say on two occasions the brothers agreed to accept more 80 thousand in cash for cars without filling out the proper paperwork.

Hamid, Said Salari, and Farah Isaac each face money laundering and conspiracy charges.

All three appeared in federal court and have been released from jail, none could be reached for comment.

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