• Apr 10, 2010
Danger, car shoppers – no longer content to try and convince the gullible that a deposed African ruler needs help storing his millions, internet scammers are now using the Edmunds.com name and logo to try and swindle money away from car buyers. According to Edmunds, the company has already shut down two sites that were hawking a supposed Edmunds-backed escrow service. Once you handed over your hard-earned money to what was supposed to be a trusted third-party, the crooks dropped off the face of the planet.
Edmunds doesn't offer an escrow service at all, so if you see an ad for a vehicle that suggests using the company to hold your cash, steer clear. You should also report the ad or any other sites boasting similar Edmunds-backed deals straight to the companies that host them. As always, if you think you've been taken advantage of, contact your bank as quickly as possible to try to stop the transaction.

[Source: Edmunds]

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Edmunds.com Shuts Down Fraudulent Web Site; Warns Online Car Shoppers of Ongoing Scams

SANTA MONICA, Calif.--(BUSINESS WIRE)-

Edmunds.com, the premier online resource for automotive information, is currently working with authorities, web hosts and banks to put an end to a scam that victimizes online car-shoppers.
"Sellers are not the ones who need the protection that an escrow service offers. As a safeguard, the buyer should always choose the escrow service"

"If you see a classified ad that references an Edmunds escrow service, please report it immediately to the Web site hosting the ad," encourages Edmunds.com Senior Vice President and General Counsel Kenneth Levin. "Edmunds.com does not have an escrow service, but criminals are fraudulently using our site's name, logo and likeness to induce car buyers to send them the payment for the car -- falsely assuring them that the money will be safely held until the vehicle is delivered."

Edmunds.com was successful in shutting down the fraudulent Web sites www.edmundspayment.com, and www.edmundsautopayment.com, but is concerned that other such sites may emerge.

"Sellers are not the ones who need the protection that an escrow service offers. As a safeguard, the buyer should always choose the escrow service," asserts Edmunds.com Senior Consumer Advice Editor Philip Reed who provides additional tips in his article Online Car-Buying Fraud at http://www.edmunds.com/advice/buying/articles/115910/article.html.

People who believe that they were victimized by a scam should contact their bank as soon as possible to seek assistance canceling the transaction. Fraudulent used car advertisements should be reported directly to the Web sites that hosted them. AutoTrader.com, Cars.com and eBay Motors each provide guidance on the subject. Edmunds.com links to their pages from its online car-buying fraud resource page at http://www.edmunds.com/industry-car-news/.


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    • 1 Second Ago
  • 11 Comments
      • 4 Years Ago
      it's funny how if you click on the edmunds.com logo on this page, it directs you to AB.
      • 4 Years Ago
      Man, while I got it after reading it a couple of times that first sentence is just phrased in an insanely confusing way...it almost sounded like car shoppers were out to scam you.
        • 4 Years Ago
        You're right. That dash should've been a colon.
      • 4 Years Ago
      Don't worry guys, my edmunds-backed escrow service is totally legit. My Nigerian business partners will insure every transaction.
        • 4 Years Ago
        And you're actually my grandson whose been busted in Canada for pot possession and you need money for bail or the RCMP is going to throw away the keys forever.
        • 4 Years Ago
        Grandpa?!
      • 4 Years Ago
      Could someone tell me why the pictures in the gallaries always appear distorted (squished horizontally) when I try to see them? They aren't that way on the home page, but I can't see them properly when I click inside...
      Thanks,
      OldCoot
        • 4 Years Ago
        Dunno, but near the top right are "Small" "Medium" and "Large" buttons. Clicking on the Large button seems to somewhat correct the aspect.
        • 4 Years Ago
        FINALLY!!! -- THANKS ONESNOH! I CAN SEE THE PICTURES CORRECTLY!!
        You were right. I clicked the Tools tab at the top of my browser and then Compatibility View and it fixed the problem! Yea!!!!!!!
        onesnohs
        • 4 Years Ago
        I had the same problem and contacted "autoblog". In my case, it turned out to be an Internet Explorer 8 problem. Try activating the Compatibility View feature and add "autoblog". Worked for me!
        • 4 Years Ago
        Those guys have been around a long time... You'd think they would make their web site compatible with the most popular browser out there... (IE8) especially when they have so many terrific photos!