Solomon Yarteh, Bank Fraud, New Hampshire 2024

CONCORD – A Sierra Leone man and former Manchester businessman has been sentenced in federal court for fraudulently obtaining more than $400,000 in car loans, U.S. Attorney Jane E. Young announces.

Solomon Yarteh, 50, was sentenced by U.S. District Court Judge Paul J. Barbadoro to 40 months in prison and 3 years of supervised release. On July 1, 2024, Yarteh pleaded guilty to three counts of bank fraud.

The defendant enlisted his friends and family members to submit multiple fraudulent loan applications to lenders over $400,000, said U.S. Attorney Young. He left the United States after learning of an investigation and was apprehended in Dubai several years later.

Between February 2019 and July 2019, Yarteh led a scheme to fraudulently obtain multiple car loans from multiple financial institutions. The loans were supposed to be secured by vehicles being sold by Allied Imports or Cap’s Auto. Yarteh and his co-conspirators used fraudulent documents to trick lenders into believing that Allied Imports or Cap’s Auto owned and held title to the vehicles when the cars actually belonged to other companies.

The case was investigated by the United States Secret Service and United States Postal Inspection Service. The New Hampshire Banking Department, INTERPOL, Department of Justice’s Office of International Affairs, and Government of the United Arab Emirates provided valuable assistance. Assistant U.S. Attorneys Alexander S. Chen and Charles L. Rombeau prosecuted the case.

Yarteh was the owner and President of Allied Imports, a car wholesaler located in Manchester. As a wholesaler, Allied Imports was not licensed to conduct retail sales of vehicles and could only sell to dealers. Allied Imports was located next to Cap’s Auto Sales, a business licensed to sell cars. Cap’s Auto was controlled by Robesteur St. Felix.

Yarteh was originally indicted in 2021 but had already left the United States. INTERPOL then issued a Red Notice for his arrest. In spring 2023, authorities in the United Arab Emirates arrested Yarteh in Dubai. With the cooperation of the Emirati government, Yarteh was removed to the United States in late November 2023. He has continuously been in custody since.

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