FBI arrests fraudsters in $1.7M auto scam | Auto Finance News | Auto Finance News

FBI arrests fraudsters in $1.7M auto scam

© Can Stock Photo / AntonPrado

The Federal Bureau of Investigation has arrested six fraudsters for falsely obtaining millions of dollars in auto loans. The scammers operated three fake dealerships — called Premier Luxury Motors, Platinum Motors Auto Sales, and 5-Star Motorsports — which had no employees, inventory, or licenses. The perpetrators secured 80 fraudulent auto loans worth $1.7 million, though […]

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