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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.
The Twentieth Century Motor Car Corporation was an American automobile company started by Geraldine Elizabeth "Liz" Carmichael, in 1974, incorporated in Nevada. [ 1 ] [ 2 ] [ 3 ] The company's flagship vehicle was the Dale , a prototype three-wheeled two-seater automobile designed and built by Dale Clifft.
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
Losses in online car buying scams can be enormous, especially when fraudsters target customers looking for rare classic cars. Between 2021-2023, consumers reported a $12,600 median loss in ...
Car dealerships will not be explicitly banned from using bait-and-switch tactics, according to a new federal appeals court ruling. ... Federal Court Slaps Down Protections Against Car-Buying Scams ...
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 ...
Geraldine Elizabeth Carmichael (born 1927 as Jerry Dean Michael) was briefly an American automobile executive and was a convicted fraudster.During the 1970s energy crisis, Carmichael promoted a prototype for a low-cost fuel-efficient car via Twentieth Century Motor Car Corporation, which car was never produced, and fled with investor money. [1]
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