A Philadelphia, Pa., man was charged for his role in a vehicle title-washing scheme that facilitated the black market sales of dozens of stolen luxury vehicles — valued at nearly $4 million, according to an announcement by Attorney General Dave Sunday and the Pennsylvania State Police.

Nearly all of the involved vehicles were high-end brands, including a quarter-of-a-million-dollar Ferrari, several Mercedes and BMWs, and Cadillacs.

In all, investigators identified 65 vehicles — valued at more than $3.8 million — that were sold. Nearly 40 vehicles have been recovered.

The investigation began when the Pennsylvania State Police identified stolen vehicles and discovered they were titled by the same person. From there, state police partnered with the Pennsylvania Department of Transportation to launch a broader investigation, and, later, the Office of the Attorney General’s Insurance Fraud Section.

The investigation revealed that the man charged was known as the “tag guy,” where individuals took vehicles they knew were stolen for title washing to be resold at huge profits. He was paid a fee to wash the titles.

Charged with numerous felonies, including corrupt organizations, vehicle title washing, forgery, dealing in proceeds of unlawful activity, and related offenses, the man was denied bail.

The Office of Attorney General’s Insurance Fraud Section and the Pennsylvania State Police’s Auto Theft East Unit collaborated on an investigation that revealed the authorized tag agent for PennDOT submitted falsified paperwork connected to 65 stolen vehicles.

The vehicles assigned Pennsylvania titles were then sold.

“The scope and harm from this criminal enterprise went beyond cutting corners to obtain paperwork — many of these vehicles were sold to individuals who knew they were stolen,” Attorney General Sunday said. “That is particularly concerning as washed vehicles provide criminals the means to move around and perpetrate crimes without being detected by law enforcement.”

The investigation is ongoing. More charges could be filed in connection with the stolen vehicles.

The case will be prosecuted by the Office of the Attorney General’s Insurance Fraud Section. Criminal charges, and any discussion thereof, are merely allegations, and all defendants are presumed innocent until and unless proven guilty.