$4.5 million classic car fraud scheme shut down

[Pops1967GTX]

$4.5M classic car fraud scheme shut down by FBI


Eastern Europeans launched the nationwide fraud ring in November 2016 and the scheme involved posting fake classic car ads online, luring buyers, and setting up shell corporations to transfer money out of the U.S.

Victims responded to ads for Jags, Porsches, and Ferraris on popular car sale sites, and once the two parties agreed on a final price, the defendants would direct the buyers to automotive transportation companies. The transport companies were actually the shell corporations ready to receive payment and wait for one of the criminals to withdraw the funds. Victims never received the car they thought was being delivered.

Upon receiving payment, the group would begin withdrawing money from the shell corporations' bank accounts sometimes the same day victims wired money. The money was then sent to various Eastern European countries.

 

[WileE]

So, the agency uncovered a scheme by Russians. Curious this particular article doesn't mention that specific.

 

[68GTX4SPEED]

I read about a Swedish guy who lost a bunch of $$$$$ just like that story.

 

[67belvedere/225]

I know a guy that almost
Fell for a similar scheme
In the uk
It was a scam that you gave them 100000 to pass the waiting list to buy a Ferrari
And he did and they have the guy back 130 000
So then they waited a month a contacted him again
But this Time they said they were buying 3 cars
So he had his 2 other friends each give them 100 000
One couldn’t get the cash in time so one lent the other friend 100 000
So they got 300 000 out of them and well never seen the crooks again
Needless to say that when they contacted police that several people had fallen victim to this scam
And now the guy that lent friend the money doesn’t want to pay him the 100 000$