Miami police say they have arrested three men in connection with an organized scheme to steal and resell expensive cars. This is reported by WSVN.

According to police, the criminal gang's activities resulted in losses of about $300,000.

Yuri Korotovsky, 41, Arman Gevorgyan, 53, and Hrant Nazaryan, 43, were arrested on charges of grand larceny, trafficking in stolen property and conspiracy to commit organized fraud.