Colorado dealership investigated for floorplan fraud | Auto Finance News | Auto Finance News

Colorado dealership investigated for floorplan fraud

© Can Stock Photo / AndreyPopov

Used-car dealer Tripoli Auto Sales has come under investigation by the Auto Industry Division of the Colorado Department of Revenue for failing to pay its two floorplan lenders and withholding vehicle titles from consumers, according to an affidavit. It is estimated that nearly 80 vehicles — valued at $180,000 — were sold out of trust. […]

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