MIAMI (CBSMiami) – A former salesman for Champion Porsche in Pompano Beach pled guilty Friday to scamming more than 30 customers out of about $3 million by selling them non-existent cars.

Shiraaz Sookralli, 45, of Plantation, pled guilty to conspiracy to commit mail fraud and wire fraud.

READ MORE: South Florida Playing Pivotal Role In Transformation Of Psychedelics As Mainstream Medicine

Authorities say Sookralli opened a shell corporation with a name bearing a close resemblance to both Champion Porsche and then opened a bank account in the shell corporation’s name.

Feds say Sookralli entered into bogus sales orders with customers for the unauthorized sales of non-existent future exotic Porsche models. The majority of which were rare, highly sought-after, Carrera 911 models.

Sookralli would then take deposits from his victims in the form of, wire transfers, bank checks, and cash that he later deposited into his shell company’s bank account, according to court documents.

READ MORE: Parkland parents furious following Texas elementary school shooting: ‘They failed our kids again’

Authorities say customers wired or otherwise transferred approximately $3,000,000 to Sookralli which he used for his personal benefit.

Court documents show Sookralli used the money for extravagant expenditures including luxury vehicles, jewelry, nightclubs, and restaurants.

Champion Porsche, which did not authorize the transactions, contacted victims and cooperated with law enforcement after learning of the scheme.

MORE NEWS: Environmental advocates who say Biscayne Bay is dying to gather Wednesday to find solutions

Sookralli is scheduled for sentencing on November 14 before U.S. District Judge Rodney Smith. He faces a maximum sentence of twenty years in prison.