A Studio City man pleaded not guilty Monday to operating a computerized odometer rollback business for vehicles that were leased from dealerships in the San Fernando Valley and Glendale.

Serge Oganesian, 44, is facing 27 felony counts related to hacking the computers of 12 vehicles to change odometers for people who were leasing the automobiles from local dealerships, according to the Los Angeles County District Attorney’s Office. He was ordered to return to court Oct. 30, when a date is expected to be set for a preliminary hearing to determine whether there is sufficient evidence to proceed to trial.

The dealerships’ financial services companies suffered more than $76,000 in losses, according to Deputy District Attorney Leonard Torrealba.

Oganesian had allegedly been running his odometer rollback business since April 2015 in North Hollywood, Glendale and Studio City at various times, according to the prosecutor.

Oganesian is charged with 13 counts each of grand theft of personal property and computer access and fraud, along with one count of conspiracy to commit a crime.

He was arrested Thursday in connection with the case, which was filed a day earlier. He remains jailed in lieu of more than $760,000 bail.

If convicted as charged, Oganesian could face up to 20 years and four months in state prison, according to the District Attorney’s Office.

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