‘Artificial paydown’ fraud from customers can leave car dealers, auto lenders with losses

🚗💰 “Artificial paydown’ fraud leaves car dealers and lenders with losses. An Oklahoma man pleads guilty to duping dealers into paying or crediting him for phony vehicle payoffs.” #FraudAlert

An Oklahoma man pleaded guilty to three counts related to duping dealers into paying or crediting him with funds based on what authorities called reports of phony former vehicle payoffs.

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