More Scams on Wheels: The Rise of Vehicle Title Fraud
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đ Episode Show Notes:
- A new vehicle title scam has surfacedâthis time in Pennsylvania.
- Authorities have charged multiple individuals and businesses, including a car dealership, a notary, and a tag company, for their roles in a widespread auto title fraud scheme.
- The scheme allegedly involved:
- Forging documents to obtain vehicle titles.
- Getting titles for stolen vehicles or cars with existing liens.
- Issuing titles without required inspectionsâalso known as title washing.
- Altering VIN numbers to disguise damaged or salvaged vehicles.
- These fraudulent actions put potentially dangerous and illegal vehicles back on the road.
- Some vehicle titles are being revoked after the fraud was uncovered.
- Key warning for listeners: Be cautious when seeking help to obtain a vehicle title.
- Avoid paying unknown companies or individuals promising titles with "no questions asked."
- Even if youâre unaware of the fraud, signing documents can make you legally responsible.
- Always ask to see the paperwork being submitted in your name.
- Vehicle title applications are legal documents signed under penalty of perjuryâtreat them seriously.
- Donât take shortcuts; ensure everything is done legally and properly to protect yourself and your vehicle.
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