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The FTC’s “Combating Auto Retail Scams” (CARS) rule was supposed to take effect in July of 2024, but due to a pending legal challenge, the Final Rule’s effective date is delayed until ...
FALL RIVER — An Attleboro man who owned a used car business in Swansea was arraigned Thursday on charges that he scammed nearly two dozen people out of more than $250,000 in multiple fraud schemes.
Pennsylvania-based truck-parts reseller AmericanTrucks discovered that 35% of Americans have been scammed by a mechanic — with car owners paying an average of $832 on scams, according to their ...
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 $400M car sales and property development business.
The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
Car dealers have a bad reputation as shady hustlers who exist only to fast-talk suckers out of their money. The truth is, many are scrupulous business people who trade on their reputations and work...
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