Auto loan fraudsters punished with prison (Under the Hood)
Auto fraud exposure at $9.2B in 2024
Perpetrators of auto finance scams in multiple states are being sent to prison for their roles in fraudulent transactions, double-selling vehicles and identity theft. Auto fraud exposure hit a record high last year, with financiers’ total estimated loss at $9.2 billion, according to Point Predictive. Nearly half of the fraud risk hinged on identity theft. […]
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