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With advanced analytical insights, dealers and lenders have more power to reach consumers on a personalized level while also protecting against the threat of fraud.
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Convinced he was framed for financial crimes in Japan, former Nissan chief Carlos Ghosn somehow slipped past surveillance and fled to his home in Lebanon.
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Shiraaz Sookralli faces 20 years in prison after admitting to charges of fraud and embezzlement relating to a multimillion-dollar scheme to sell nonexistent Porsches from a South Florida dealership.
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Six operators of a nonexistent auto finance company have been sentenced to federal prison or probation for fraudulently obtaining $1.7 million worth of loans from banks and credit unions.
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Hoover Mitsubishi’s Mark Hoover has sued two former employees accused of doctoring auto loan applications, a scheme that led to an FBI raid and the shuttering of the dealership.
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MONTGOMERY, Ala. — A county circuit judge has granted Alabama Attorney General Luther Strange a temporary restraining order against of Quality Used Cars and its associate Preowned Automotive, as well as permission to seize the dealer’s property. The dealerships have been owned and operated by Clayton and Connie Reeves since 2009. The Attorney General’s lawsuit ... Read More »
Read More →MANSFIELD, La. — After Mansfield Auto World reported that a car was stolen in a fraudulent online transaction, the U.S. Customs Service seized the vehicle from a freighter bound for Africa, the Shreveport Times reports. The dealership reported the fraud on Jan. 15 after two credit cards used to purchase the vehicle online were declined, ... Read More »
Read More →WILKINSBURG, Penn. — The owner and operator of Penn Avenue Auto Sales Inc. has been accused of taking money from at least 40 customers and not submitting title and registration paperwork and fees to Pennsylvania Department of Transportation, the Pittsburgh Post-Gazette reports. Charges are pending against Phillip Vixman while police search for other customers who ... Read More »
Read More →WEST WHITELAND, Pa. — An auto dealer who was arrested in November for fraud offenses is facing additional charges after Pennsylvania State Police investigators uncovered several other alleged victims, Mainline Media News reports. David C. Coughlin was initially charged with selling a woman’s 2012 Porsche 911 Turbo on consignment for $80,000 and keeping the money ... Read More »
Read More →MEBANE, N.C. —A car dealer has been charged with more than 30 felony counts related to the sale of seven vehicles, WXII12.com reports. Lance Cameron McPeak allegedly collected more than $180,000 from five finance sources — Auto Use, Nextgear Capital, Metrolina Credit Co., the State Employees Credit Union and Truliant Federal Credit Union — for ... Read More »
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