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3. Gift Card Scam. Another hallmark of many scams targeting used car buyers is a request for gift cards as payment. When the buyer calls the fake toll-free number, they’re told to purchase gift ...
First-time car buyers are often easy prey for unscrupulous sellers who use scams and other techniques to make as much money from a deal as possible. In some cases, sales reps can immediately spot a...
Detectives said the scam occurred several times across multiple counties in Southern California. The suspects were not immediately identified. Read more: They planned to sell an iPad online.
Man arrested, 2 sought in internet car sale scam that targeted victims in capital region. Ishani Desai. September 13, 2024 at 5:26 PM ... forcing victims to sell their cars for a low price. ...
John M. McNamara (born 1940) [1] [2] is an American former businessman who was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
A former employee of a Kentucky used-car dealership admitted helping in a scheme to roll back mileage readings on vehicles so buyers would pay more.