Dealer Fraud

3 min read

Dealer Fraud – The Earliest Account – 1941

June 1, 2023 Cucolle1

There are the personal “straw buyer” loans, where a relative or friend signs a...

2 min read

Point Predictive’ s 2023 Auto Lending Fraud Survey

February 20, 2023 Cucolle1

Income misrepresentation, synthetic identity risk, and dealer fraud amongst top lender concerns for 2023...

1 min read

Sixth defendant admits to role in credit union auto loan fraud ring

January 13, 2022 Cucolle1

Providence, RI – January 11, 2022 – Fernando Diaz, 34, pleaded guilty in the...

4 min read

Multi-Million Dollar Dealership Fraud Ring Convicted

December 6, 2021 Cucolle1

Dealer perpetrated forgery, bribery, wire fraud, threats to a CEO, fake down payments and...

2 min read

Dealership Executives Charged with Loan Fraud

September 22, 2020 Cucolle1

OKLAHOMA CITY – A federal indictment charges BOBBY CHRIS MAYES, 48, CHARLES GOOCH, 61,...

1 min read

Mortgage Fraudster Switches to Auto Fraud Right After Release

July 6, 2020 Cucolle1

Middletown, CN – Following a twelve-month prison term for mortgage fraud, George Hajati, 41,...

3 min read

Dealership VP Pleads Guilty to $3M+ Fraud Scheme Involving Non-Existent Porsche Models

September 24, 2019 Royal Ellsworth

16 September 2019 – On September 13, 2019, a former salesman for Copans Motorsports...

1 min read

Credit Union Files Lawsuit Against Dealership for Inflated Incomes

June 26, 2019 Cucolle1

Charlotte, NC – 25 June 2019 – A lawsuit filed against Kia of Gastonia...

1 min read

PassTime and AFS Dealers Complete Software Integration

March 12, 2019 Cucolle1

LITTLETON, Colorado—March 12, 2019—PassTime®, a leading provider of automotive GPS Solutions and AFS Dealers,...

1 min read

Straw Buyer Fraud Dealership Reaches Agreement with Feds

January 17, 2019 Cucolle1

Erie, PA – 16 January 2019 – A federal fraud case against an Erie...

1 min read

America’s First Straw Buyer Auto Fraud Case – 1941

January 3, 2019 Cucolle1

Any of us that have been in the auto lending and collections industry for...

1 min read

Dealership Employee Embezzled from BMW to Buy a Mustang

December 28, 2018 Cucolle1

The former controller of Continental BMW in Connecticut used the stolen funds for travel,...

1 min read

What’s in a Name? – Stolen Auto Sales Sued by Ideal Lending

October 22, 2018 Cucolle1

ADA County, ID – 17 October 2018 – Title Loan company, Ideal Lending, LLC...

1 min read

Dealership Fined $2M in Loan Fraud Fines

September 5, 2018 Cucolle1

Erie, PA – 3 September 2018 – A Pennsylvania dealership has agreed to pay...

1 min read

Another Auto Consignment Lot Fraud Lawsuit

September 4, 2018 Cucolle1

Selling a car has always been a pain, but using a consignment lot to...

1 min read

Dealer Sued for Fraud and Allegedly Withholding Borrowers Payments

August 31, 2018 Cucolle1

Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay...