BBB Warns Midwesterners of 'Too-Good-to-Be-True' Vehicle Sales Scam

BBB Warns Midwesterners of 'Too-Good-to-Be-True' Vehicle Sales Scam Photo: Better Business Bureau/KSTP

June 21, 2018 05:00 PM

The Better Business Bureau is warning Midwesterners, including residents of Minnesota and North Dakota, to be wary of a scam involving vehicles for sale at "too-good-to-be-true prices."

According to the BBB, consumers in St. Louis, Kansas City and Omaha reported finding cars, trucks, recreational vehicles, boats, jet skis, semi-trucks and farm equipment at lower-than-usual prices.

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These vehicles were posted on craigslist and Autotrader, and in local print publications.

Consumers that completed transactions with the sellers said they never got the vehicles, and their money was never refunded.

Two of the suspected scammers - yellow-shippers.com and bismarck-shippers.com - list physical addresses in Fargo and Bismarck, North Dakota.

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The BBB said it is unlikely the entities have any actual presence in North Dakota.

The alleged scam involves sellers telling buyers they are using a shipper to handle escrow and transportation of the vehicle. The seller tells the buyer the vehicle and paperwork are being stored in the shipper's location, or that the seller is being deployed.

The seller tells the buyer to wire money to the shipper's bank, and says the buyer will have five days to inspect and return the vehicle, with shipping fees paid by the seller.

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Buyers are given the name of a financial representative and told to wire the money. The BBB said the financial representatives are believed to be real people who may or may not be aware of the scam.

The BBB advises people who believe they may be victims of this scam to contact their bank immediately, file a complaint with the BBB and report the scam to local law enforcement.

Credits

Anthony Brousseau

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

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