fraud
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Latest News 29 Sep
Fraudsters implicate Hollywood actor and FT reporter in online car retail scam
Online fraudsters used headshots of a Hollywood actor and a Financial Times reporter to build a car retail website to scam car buyers out of thousands of pounds.
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Latest News 7 MarFormer Evans Halshaw employee avoids jail over £10,000 DVLA cheques fraud
A former Evans Halshaw employee who diverted 73 DVLA cheques worth over £10,000 into his own bank account has avoided jail in a fraud hearing at York Crown Court.
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Latest News 1 Apr
Car dealer’s £23,000 fraud funded ‘significant mid-life crisis’
A car retailer has avoided jail after admitting a £23,000 fraud to meet debts built-up as the result of a “significant midlife crisis”.
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News 5 Mar
Fraudulent car dealer clocked-up £190,000 in sales
A fraudulent car dealer who clocked-up £190,000 in sales has been issued with a suspended prison sentence and an order to repay over £33,000 in proceeds of crime.
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People News 5 Mar
Ford sales executive avoids jail after defrauding dealership of over £11,000
A car sales executive has been spared jail after he admitted diverting more than £11,000 of dealership sales proceeds into his personal bank account.
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People News 26 Aug
Celebrity car dealer on FBI 'most wanted' list admits luxury vehicle scam
A celebrity car dealer who had been placed on the FBI’s ‘most wanted’ list faces up to 20 years in jail after pleading guilty to a £420,000 luxury vehicle sales scam.
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Car Dealer News 20 Jul
'Trusted' car dealership financial controller jailed over £252,000 fraud
A car dealership’s financial controller has been jailed for three years for defrauding the business of £252,000 as its owner struggled to fund his wife’s treatment for cancer.
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Supplier News 17 JulCap HPI warns car dealers about social distancing's increased fraud risk
COVID-19 social distancing measures are putting dealers at a higher risk of fraud in the part-exchange process, according to Cap HPI.
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Latest News 13 JulCar dealer issues warning after averting £80,000 Bounce Back Loans scam
Car retailers have been warned to be on their guard after a fraudster attempted to scam the James Glen Car Sales out of £41,000 and a Porsche Cayman sports car by exploiting the Government’s Bounce Back Loans (BBL) scheme.
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Car Dealer News 1 JulLookers share trading suspended after fraud probe delays 2019 results
Lookers has requested that the listing of its ordinary shares be temporarily suspended, pending publication of its 2019 annual financial results.
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Car Dealer News 29 Jun
Lookers fraud probe reveals £19m accounts ‘black hole’ amassed over several years
The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.
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Car Dealer News 8 Jun
Lookers annual results delay to trigger share trading suspension
Lookers expects to be hit by a temporary suspension of shares trading after conceding that its 2019 annual financial results will not be published in time for the Financial Conduct Authority’s (FCA) June 30 deadline.
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Car Dealer News 4 Jun
Lookers to axe up to 1,500 jobs and close 12 more car dealerships
Lookers will close a further 12 car dealerships and cut its employee headcount by up to 1,500 as part of a restructure plan aiming to make annual savings of £50 million.
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Car Dealer News 18 MayScammers are posing as HMRC to defraud car dealers during lockdown
Car retailers who have sought government support during the COVID-19 lockdown period are being warned to be on their guard as scammers posing as the HMRC launch an opportunistic fraud campaign.
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Car Dealer News 10 MarLookers delays annual financial results due to fraud investigation
Lookers has revealed that it will delay the publication of its 2019 annual financial results after finding evidence of potentially fraudulent transactions in one of its operating divisions.
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Finance 21 Jun
£45.5m FCA fine for Bank of Scotland's failing to disclose to finance regulator
Failing to report early suspicions of fraudulent activity to the finance regulator has left Bank of Scotland with a £45.5 million fine.
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Opinion 3 DecGetting online with tackling motor finance fraud, a guest opinion
As recently reported by AM Online, there’s a growing trend of vehicle financing being completed via the internet.
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Finance 15 MayOne-in-three used cars are sold with outstanding finance, claims HPI
The number of used car buyers saddled with outstanding finance on their new vehicle rose from one-in-four to one-in-three during 2017, claims HPI.
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Car Dealer News 8 SepJailed luxury car dealer ordered to repay £2m to HMRC
A Luxury car dealer has been ordered to pay back £2 million to the HMRC or face a further decade behind bars for his VAT fraud offences.
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Finance and insurance 21 JunMotor finance Q&A: How car dealers can spot finance fraudsters
Car dealers are being targeted by criminals making fraudulent car finance applications. Sgt Kate Jackson of the NVCIS explains how to spot them.
