- Mar 25, 2009
REPORT: FBI busts up $25M car cloning ring
For example, a man in Florida bought a Ford F-350 Super Duty for $27,000 last year from a used car dealer. Nine months later, it was tracked down and confiscated, but the bank has told the owner that he's still on the hook for the loan for a vehicle he no longer has.
Although the FBI admonishes, "Folks should be educated enough so that they don't buy a car from a stranger, on the street, or in a back alley somewhere," that might be a bit much, and the Super Duty owner bought the car at a used car lot. All kinds of private and public buyers have been taken, so do all of the research you can, and definitely don't buy your car in a back alley somewhere – the FBI got that much right! Hot tip, Jan.
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