Dealers in other Midwestern states are reporting a scam in which a customer pays for a vehicle with a fraudulent cashier’s check. The issue: The fake cashier’s check looks legitimate and doesn’t have any obvious red flags. Signs …
Fake invoices sent with a falsified chain of emails may prompt dealerships to review their accounts payable processes. The scam: The bad actor uses a misleading email sender name to pose as the dealer principal forwarding an invoice …
A recent case in Central Iowa involves an individual using the name “Constantin Lingurar” and possibly fraudulent identification selling vehicles to area dealers with suspected odometer tampering. Why it matters: An arrest has been made, but investigators believe …
A central Iowa dealership recently encountered an email scam that involved a creative writing exercise from the imposter. What happened: An “executive from a consulting company” created a chain of emails between himself and a dealer principal in …
Dealerships should be on alert for a scam geared toward the parts department. A customer orders parts over the phone and pays for them via credit card. The customer calls back and lets the dealership know they’re sending …