Search results
Results From The WOW.Com Content Network
The FBI recently updated a longstanding warning to be on the lookout for a scam that cost car buyers more than $54 million between 2014-2017. ... According to the Federal Trade Commission, “If ...
A "trade show" variation of a similar scam might involve a scammer pretending to have car troubles on the side of a highway, trying to hail passing vehicles. When a good Samaritan pulls over, the person claims to be a foreign citizen visiting the country to participate in some local trade show.
The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
The car had become so toxic on the used car market that one-year-old models with low mileage were worth less than a quarter of their MSRP and dealerships refused to take them as trade-ins. [54] Two Firenzas caught fire during a 32-car protest outside of the Canadian House of Commons.
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money.
The Justice Department has charged 64 people in a fraud case they say bilked $300 million from more than 100,000 victims.
With the average used car selling for $26,717 and the average buyer paying 11.4% interest for the privilege of financing it, previously owned vehicles are hardly the bargain they once were.
Magazine subscriptions scam - Scammers call victims with an intriguing offer and that for a small payment they can get a yearly subscription to their favorite magazine, even though they have no affiliation with the magazine's publisher. When victims agree, the scammers will send random magazines with grossly inflated prices.