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The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
BBB just released an update to a 2020 study about online car buying scams. Starting in 2020, consumers reported that scammers were taking advantage of the COVID-19 pandemic to list fake vehicles ...
Final Take To GO: The New Road Ahead The bottom line is that if CARS is enacted in 2025, the FTC estimates it would save car buyers over $3.4 billion and 72 million hours per year in headaches.
Car dealers have a bad reputation as shady hustlers who exist only to fast-talk suckers out of their money. ... you might be reluctant to go for options like these if you're told they cost $1,700 ...
In the United Kingdom, vehicle matching scams are listed by the AA as one of the most common used car buying scams. [1] According to Peter Stratton of the Trading Standards Institute, high pressure selling alongside cold calling made this a very successful scam that often leaves consumers with little chance of obtaining redress. [2]
The criminals, in a car in front of the victim, slam on the brakes for no obvious reason, and the victim has no time to react and collides with the car in front. Another scenario (known as ‘flash for cash’) happens when a driver flashes their lights at a junction to let the victim out, then crashes into the victim's car deliberately.
The FBI recently updated a longstanding warning to be on the lookout for a scam that cost car buyers more than $54 million between 2014-2017. ... The secret to avoiding this scam can go a long way ...
Doing your research will go a long way in avoiding these scams. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...