A man who has allegedly stolen large sums of money from classic car enthusiasts in New Jersey has been arrested this month, according to NJ.com.

Victor A. Decker is reported to have taken over $271,000 from around 24 different customers, with the promise that he would carry out extensive restoration work on their vintage vehicles to bring them back up to scratch.

However, it is thought that Mr Decker never completed any of the projects and instead dumped the classic vehicles after having stripped them of any valuable components.

At the present time, the police do not know of any specific locations at which the vehicles have been dumped. However, there was apparently sufficient evidence of foul play for the police to incarcerate Mr Decker in Monmouth County jail. Bail has been set at $150,000.

If Mr Decker is found guilty of the alleged crimes then he could spend up to 10 years behind bars.

The investigation is ongoing.