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2010 Corvette owned by Mike and Christy Childers Courtesy of the NICB |
Here's a little something I thought people would find of interest about scammers buying autos on Craigslist. The story is courtesy of the National Insurance Crime Bureau. Don't forget to check-out the
video along with the great looking Corvette:
The National Insurance Crime Bureau (NICB) issued a warning on
May 8 to the public about an organized scam involving sales of vehicles through
the popular online market place, Craigslist.
Working with law enforcement agencies in the Chicago area
and across the Midwest, NICB has identified nearly 100 instances of sales of
vehicles that went sour when phony bank checks were used to pay for the
vehicle.
"These scams are well organized and have all the
appearances of being legitimate," said NICB President and CEO Joe Wehrle.
"But in the end, the criminal gets the car and the sellers or their
financial institutions are left on the hook for thousands of dollars still owed
on the car."
Such was the case with Mike and Christy Childers of
Elizabethtown, Ky., who sold their 2010 Corvette on Craigslist, only to learn
that the check that their bank initially said was valid, was actually bogus.
Fortunately, quick action by law enforcement agencies in Kentucky and Illinois,
with assistance from NICB, led to the recovery of the Corvette after it had
been picked up, driven to Chicago, and listed for sale again on Craigslist.
Unfortunately, some online car sales lead to much more
serious results, as witnessed by the alleged murder of a Missouri man this week
as he met a buyer that had seen his car for sale on Craigslist.
Any face to face meetings should take place at a location
that is highly public, preferably at a police station.
Scammers are particularly active in states where the vehicle
owner retains the title even though there is an outstanding lien. They will
pressure sellers to sign over the title and give them what appears to be a
valid bank or cashier's check to pay for the vehicle. Never sign over a title
until you have the money in hand. Avoid accepting any kind of check, but if you
do, take the time to make sure any alleged bank or cashier's check has actually
cleared and you have the cash. It may take a week to 10 days for a check to
clear. If it's bogus, you could be left responsible for paying off the loan
even though the car is long gone.
Please view the full video story of the Childers
here.
Anyone with information concerning insurance fraud or
vehicle theft can report it anonymously by calling toll-free 800-TEL-NICB
(800-835-6422), texting keyword "fraud" to TIP411 (847411) or submitting
a form on our website. Or, download the NICB Fraud Tips app on your iPhone or
Android device.
About the National
Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the
nation's leading not-for-profit organization exclusively dedicated to
preventing, detecting and defeating insurance fraud and vehicle theft through
data analytics, investigations, training, legislative advocacy and public
awareness. The NICB is supported by more than 1,100 property and casualty
insurance companies and self-insured organizations. NICB member companies wrote
$371 billion in insurance premiums in 2013, or more than 78 percent of the
nation's property/casualty insurance. That includes more than 93 percent ($168
billion) of the nation's personal auto insurance. To learn more visit
www.nicb.org.