A Miami-Dade woman has been arrested in an alleged “credit bust out” scheme involving the fraudulent purchase of five vehicles worth over $235,000, authorities said.
Yenifer Rivero Esponda, 41, was arrested Monday on five counts of grand theft, five counts of obtaining a vehicle by trick, five counts of obtaining property or credit by false statement, and one count of organized fraud, Miami-Dade jail records showed.
Miami-Dade Corrections
Miami-Dade Corrections
Yenifer Rivero Esponda
According to an arrest report, Miami-Dade Sheriff’s Office investigators found Rivero Esponda bought multiple vehicles in the span of a month, between Jan. 30, 2024 and Feb. 29, 2024, from different dealerships using fraudulent application information to get loan approvals.
In the applications Rivero Esponda claimed the be the president of a company and that she earned $10,000 per month, the report said.
The activity was consistent with a “credit bust out,” which happen when a person purchases numerous vehicles during an abbreviated period of time before they appear on their credit reports, or a person manipulates their credit history to conceal negative activity, the report said.
The bust out suspect often illegally subleases the vehicles on the black market or have the lien washed and titled in other states, authorities said.
The total retail price of the five vehicles involved in Rivero Esponda’s case total just over $235,000, the report said.
They include:
A 2019 Mercedes-Benz GT 63 worth nearly $90,000
A 2024 Mazda CX-90 worth about $34,500
A 2024 Toyota Corolla worth nearly $40,000
A 2023 Jeep Gladiator Mojave worth $31,000
A 2021 BMW 740i worth $39,900
Rivero Esponda was booked into jail and was expected to appear before a judge on Tuesday.