LAS VEGAS (KLAS) — A couple allegedly defrauded investors of more than $57 million as part of an exotic vehicle and boat purchasing scheme, Las Vegas Metro police announced Friday.

Jong Rhee, 45; and Neelufar Rhee, 34, face dozens of charges for allegedly persuading people to invest in the luxury items, saying “the assets would be resold to overseas buyers at massive profit margins,” police said. However, detectives suspect no buyers ever existed.

A boat recovered as part of the investigation involving 45-year-old Jong Rhee and 34-year-old Neelufar Rhee, according to police. (LVMPD)

In announcing the arrests Friday, Metro police described the “fraud scheme” as “massive.”

The couple conducted the alleged fraud scheme through two of their businesses: Twisted Twins Motorsports and Lusso Auto Spa, police said. State business records show the Rhees are connected to businesses in Las Vegas and Henderson.

Both Rhees face 78 felony charges, including racketeering, money laundering, and forgery, records said.

A car recovered as part of the investigation involving 45-year-old Jong Rhee and 34-year-old Neelufar Rhee, according to police. (LVMPD)

Police arrested both on Thursday and both posted $100,000 bail, records said. They were not scheduled to return to court until June 9.

Two other people, Crisfin Deguzman and John Baudhuin, also face charges connected to the case, records said.