Straw Buyer

4 min read

A Poker Champ, a Car Dealer, the Cartel and $3.2M in Credit Union Fraud

March 11, 2025 Cucolle1

It almost sounds like the story in a Coen brothers’ film. A four-time World...

4 min read

Straw Purchase Bust Out Fraud – Miami’s Multi-Million Dollar Auto Fraud

March 4, 2025 Cucolle1

If you’re lending in Florida, you’ve probably been hit by the South Beach Bust...

2 min read

Point Predictives 2024 Auto Lending Fraud Trends Report

May 12, 2024 Cucolle1

Point Predictives 2024 Auto Lending Fraud Trends Report Our 2024 Annual Fraud Report is...

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...

1 min read

Confessions of a Straw Buyer

June 7, 2022 Cucolle1

How I Bought Millions of Dollars’ Worth of Luxury Cars and Got Blacklisted by...

1 min read

Gone in 60 Seconds – Fraud and Theft on Luxury Cars

April 10, 2021 Cucolle1

GUEST EDITORIAL Everyone wants a luxury car, but few can afford them. And that...

1 min read

Ukranian Subleasing Auto Loan Racketeer Arrested and Extradited

October 5, 2020 Cucolle1

To build up an inventory of cars, Chulpayev and his associates allegedly recruited straw...

1 min read

$5M Auto Loan Fraud and Theft Ring Busted in San Diego County

June 25, 2019 Cucolle1

21 Arrested – Largest in County History San Diego, CA – 21 June 2019...

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

15 Credit Unions Pounded with Phantom Auto Loan Fraud

October 30, 2018 Cucolle1

Charlotte, NC – 17 October 2018 – A federal jury in Charlotte has returned...

1 min read

Fake Employment Scams – A New Cottage Industry for Fraud

July 15, 2018 Cucolle1

So, the loan underwriters stipulated for proof of income, proof of residency and even...

1 min read

Russian Fraudster Racks up $30M in Luxury Car Straw Loan Fraud

July 11, 2018 Cucolle1

July 10 – 2018 – He was an FBI informant, once testified against the...

1 min read

Repo Company Owner and Seven Others Charged in $1.67M Auto Loan Fraud Ring

May 6, 2017 Cucolle1 1

Eight defendants have been charged in a multi-count indictment, for their participation in an...