That has actually happened before a few times. One consignment dealer was covered extensively on Normal Guy Supercar’s RU-vid channel (CNC Motors) and another actually got Rob Ferretti (Superspeeders Rob aka Rob Spaghetti) and had an American Greed episode made about him- Bobby Khan. He actually escaped the country for quite a while to avoid justice. He eventually came back though. Watch vehicle consigners, they can be sketchy.
And...how do they know that the dealership wasn't involved in the fraud? Certainly they were extremely negligent to allow the car to leave their lot before the money was in the bank.
Some car guys on RU-vid covered this before. Some states have really ass backwards old laws on dealers acting as brokers and sometimes the sellers sometimes does get fucked in these fraud scenarios.
@Matthew-is1ih Huh? He bought the car in 2022; he tried to sell it in 2024. What calendar are you using? "Huge profit"? Do you have any idea what Shelby GT 500 is worth, especially a one owner example?
Wrong! The party in possession is the one whose insurance should cover it - the dealership. This was negligence, not your run of the mill theft. The dealership had the responsibility of vetting the buyer.
Dealer also made the consignment sale agreement very clear they were not responsible for repairs, damage and theft. Shitty but they covered their asses.... or they're part of the scam.
Care, Custody and Control. You are absolutely right. Sadly, the victim will likely have to sue to get their money back, will lose money in the process and that’s not even a guarantee he’ll get anything back. Sad but true. The other possibility is he may be able to track down the car and get it back with law enforcement’s help……. As long as he hasn’t yet transferred ownership.
@@ghostinchains664Ya but theft is not the same as fraud. Good thing you are not his lawyer 😂. They handed the man the keys and willingly turned the vehicle over.
There are a few other consigners who have done similar things in the past, Bobby Khan was one of them and there’s actually an American Greed episode dedicated to him (season 10, episode 10) and CNC Motors. A lot of times, when places like these start to crash and this stuff starts happening, it’s because the consigner was running their business like a ponzi scheme. They’re using money on new sales to pay off prior ones that they skimmed money off of or used to pay expenses. Eventually, like every ponzi scheme the music stops and the consigner no longer has money to pay off liens or even the seller. Usually, there end up being 2 victims, the seller whose car was basically stolen from them and the new buyer who cannot register a car they purchased because the prior lender will not release the lien. It’s terrible for everyone but the scammer. Such a sad situation. I hope the consigner gets their come-uppins.
@@brian5o sad situation that the dealer didn't do their due diligence and can't see how covering the cost of the vehicle is lower than the pr this brought. I've seen your comment spammed, I bet you're the guy that ran the card 😂
If the Dealership doesn't cover this for this guy he should make it his Mission in Life to run their name into the ground and actively dissuade people from purchasing from these guys. They enabled and actively perpetrated the loss of this guys car - due diligence in the sale was not done. You give the keys to somebody - they have responsibility for it - whether it's your 16 year old kid, or a dealership - you trust them not to destroy or sell your vehicle outright without recompense.
My B#ll$hit detector went off one minute into this video. The car dealership wants us to believe that a person walked into their dealership with a stolen credit card, a fake drivers license, and a phony car loan and bought a $87,000 car. Didn't file a police report afterwards. I bet the dealership still has the car.
Impossible. I just bought a truck and used a credit card for the downpayment for the cashback. They only allowed $3k on a card. I still saved $60 and paid the card off as soon as it posted.
Maybe.... 99% of Stolen Identity crimes are unsolveable because more often than not the I.D. that they used to steal that ID is stolen also they just fit the general descripition of both parties.
Why would you take a $86K car like this to a dumpy place like that? I don't get it. Go to the local Ford dealers and see what they'll offer, or use Bring a Trailer.
In Texas, this would still count as theft... "Unlawfully appropriates property with the intent to deprive the owner of property".... If you use a fake check (aka committed fraud) to acquire something you don't intend to return, that's theft
Sounds like Hovey is in on the scam since they were so quick (and knowledgeable) to point out insurance technicalities. A pretty easy way to legit steal vehicles.
They won't because the agreement states theft or damage, and this is neither. This is fraud, and they didn't do their homework before handing over the keys. This is their fault, and any half-decent attorney could get a win against those groups.
The car wasn't stolen it was handed away to a "scammer" there's a difference if i'm sitting on the jury I'm in no way siding with the dealership you handed the keys and car over to the "scammer" it wasn't stolen in the middle of the night.
@@Sashazur there's a difference fyi Steal - take (another person's property) without permission or legal right and without intending to return it. Scam - to deceive and defraud (someone)
Not where auto theft is concerned. If I had someone my keys, I can't tell the police that he stole my car. That's why the dealership didn't file a police report. Without a police report, no insurance company will cover a theft.
The dealer is screwed on this one. They didn't verify ID on a near $90k purchase? Did they fill out the paperwork required for all transactions that are $10k or over?
I wouldn’t doubt it. Look up both CNC Motors and Bobby Khan. 2 different consigners that committed similar frauds. Bobby Khan even got the honor of an American Greed episode (season 10, episode 10). RU-vidr Superspeeders Rob was a victim of Bobby Khan and Normal Guy Supercar extensively covered CNC Motors fraud. Ironically, Doug DeMuro used to review some of CNC Motors’ more unique cars before their pyramid scheme all fell apart.
Sounds like they didn't do any due diligence because it wasn't their asset. I don't know why anyone would trust a car dealer to do anything positive for them.
He might have a chance for actual damages, the value of the car, but unless there is a state specific statute that dictates that the customer is entitled to attorney fees, the American rule will apply and he will have to pay for his own attorney. In the UK, they have the English rule, loser pays for the attorney of the prevailing party. It is possible that both parties could agree to apply the English rule, but the dealer is under no obligation to agree to such a stipulation. Additionally, most consignment agreements that I've seen, the customer waives their right to seek remedy in court, but rather seek settlement in arbitration, usually in a forum that is more business-friendly. So no judge nor jury would ever hear the case. As for emotional damages, he would have to get a licensed health professional to swear that he has sustained a debilitating mental condition, such as PTSD, as a result, and is severely limited in his ability to function in life. He would also have to provide receipts to these medical visits, and the notes of the professional which were used to make the determination of the disability
The scam is- that dealership sold the car as hot, to someone out/o area, or country. Gave the buyer a few days head start, now that car's getting new tags somewhere else.
Charge the dealer principle with Grand Theft Auto. Make him prove the store actually sold the car and is not involved with the fraud. Its amazing how fast issues get resolved when lawyers and cops are knocking on your door. Many years ago, I was rebuilding my engine and took all the parts to a local machine shop to get machined, clearanced, etc. The crankshaft was not a standard everyday spec. The shop called me when everything was done, and they said they couldn't find the crankshaft. Machine shop said they would gladly replace it with a standard 350 crank. I refused, had a lawyer friend call the shop. Amazingly, MY crankshaft turned up the next day. And they gave me a discount "for my patience and understanding".
The dealership is business and the professionals. They clearly scammed him and these ‘professionals’ knew exactly what they were doing by ripping him off.
Also the guy whose car got stolen seems a lil slow in the head. Why doesn’t he file a police report against the dealership or at least check to make sure the dealership filed one. Why is the news team trying to get it but he doesn’t have one?
This likely would be felony theft by conversion, by the dealer. The car was given to a the dealer for one reason, and they used it for some other reason. I would 100% investigate it to be an inside job by employees at the dealer as well.
Fraud vitiates everything. The dealership's contract clause is invalid. They owe him $87K. (And if they want to stand on the vague contract, then contract law is clear - it gets interpreted against the person who drafted it.)
Where's the police report filed by the dealer? Where's the security camera footage of the buyer? You can't tell me a legitimate dealer of high end cars doesn't have even a $30 security camera aimed at the showroom or finance desk. Super sus on the dealer's part
Dealer wrote contract specifically the way they needed to get away with stealing an $87,000 car. They knew what they were doing. Agreed with everyone it sounds sketchy
For starters the dealership is either in on it or has worst financial dept in the country. And #2 its not a stolen or damaged vehicle they handed the keys to the "scammers"
The dealership is the fraudster. They should have video of the person, police should have been immediately called. Sue the dealership. They can't get away with it like nothing happened
So the dealership doesn’t check that person making a $10k credit card transaction is the person that owns the credit card? Sounds like an inside job!!!
40+ years in the dealership aftermarket business dealing with Auto Dealers. With a few exceptions, Their horrible reputation is probably better than it should be…And that’s saying something.
The dealership 100% stole this vehicle right from under his nose. It's practically right in your face when their contract states they won't be responsible for theft. Would love to know the other shady shit they do when the sun goes down...
Cars probably been totally disassembled , or on its way to Saudi Arabia... Iraq. I remember a man's plumbing truck he traded in ended up being on the news, on the battlefield in Iraq, had the company name and phone number. The truck really wasn't worth shipping over there,
EVERYONE can recognize that the dealership who gave the car keys to the thief is responsible for this. Pat the guy on the back and hand him the keys and tell him to have a nice day. That's theft with the full aid and cooperation of the dealership. They are responsible for sucking it up and doing the right thing and paying for THEIR mistake.
I hope he takes them to court. There is no proof of the car being stolen , not even a police report. He needs to sue and ensure the vin in registered as stolen with the state DMV asap
Also, dealership may have little assets to go after. Often the inventory is financed or incumbered in some way. The building may be leased. Equipment owned by another company. He would done better to sell it directly even if leaving some money on the table versus consignment.
FWIW I sold a regular Mustang GT and it's easy enough to sell a car on your own if you're asking a fair price. I had the guy take me to his bank and got cash. I felt like a gangster walking out of there with over 30K in a bag LOL.
All dealerships.....many a time I've used credit cards with cash back rewards put my 5k down payment on it paid it off with my actual 5k down payment money and collected my credit card rewards the next month. Currency is Currency, especially in America they prefer for us to pay on card keep people in debt and on the hook thinking they can get more then they can afford.
No police report? Ran $10000 on a credit card that was stolen? Approved for a loan by who? Through who? That's not how that should have worked. Willing to bet someone at the dealership is involved.
According to the law the dealer is responsible here. This is a case of negligence, not theft, and thus any lawyer worth their name will be able to show that the "not responsible for... theft" portion of the contract is invalid.
That contract he signed to put his car on consignment is probably unenforceable, but that’s going to need the courts to decide. However, their action of not getting a police report right away and skipping steps in the verification of the buyer identity is enough to make them pay for the whole car.
People dont realize that, if you sue a company and it passes the motion to dismiss phase of the court, they will have to spend 20-40k before it gets to the juror and more if they lose. In this case, they will never ever ever take that chance because a juror would never rule in their favor and in deposition, things can get really nasty and they would more than likely be on the hook for attorney fees. Come to think of it, he wouldnt even need an attorney. Even if they did a bench trial which is a bit quicker and less costly for the defense, a judge would never rule in their favor since, once that car is on their property, they are now liable for anything that happens to it. I learned a long time ago from smart attorneys that you can put anything you want in a contract but if it is not supported by the law, then that is unenforceable . You cant have a contract that claims the insurance company would pay for theft when the law states that they are not liable for theft under the circumstances
The dealer released the keys. The dealer has an obligation to detect and deter fraud. A consignment is for legitimate sales. Not sales to anyone who says they have money.
I thought it was common practice for dealerships these days to include a tracking device when selling a car to facilitate recovery in case the buyer is delinquent on the payments.
Who ever signed off on the loan would be the title holder. The institution who issued the loan would be the purchaser and owe this man his money and they can go after the man who committed fraud. Same with the credit card company if the dealership did everything on their end correctly.
That certainly isn't theft. They handed over the keys. Fraud yea but that not falling on any full coverage insurance. They should have some good cameras at that high end place.
