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International Auto Fraud Ring Busted in Four Countries
Law enforcement officials in Romania, the Czech Republic, the United Kingdom and Canada arrested six Romanian nationals today for their alleged involvement in a sophisticated multimillion-dollar auto fraud scheme. The U.S. Department of Justice said the defendants were responsible for saturating Internet marketplace websites including eBay, Cars.com, AutoTrader.com and CycleTrader.com with detailed advertisements for cars, motorcycles, boats and other high-value items generally priced in the $10,000 to $45,000 range. Unbeknownst to the buyers, however, the merchandise did not exist. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged amazon, auto fraud, auto informed, autoinformed.com, automotive news, autotrader, cyber fraud, doj, e-bay, Ken Zino, paypal
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Cox Automotive Study – EV Consideration at Record High
“Education for both consumers and dealers remains a critical factor in driving widespread confidence and adoption of electric vehicles,” said Kayla Reynolds, Manager of Research & Market Intelligence, Cox Automotive Mobility. “For dealers specifically, preparation is paramount, and our findings emphasize the urgency of equipping dealers with EV sales and servicing capabilities to meet the needs and demands of EV buyers.” Continue reading →