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Online vehicle fraud cost victims £17.8 million in 2013

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It has never been easier to buy or sell a vehicle than it is now ... thanks to the internet.


However, the internet has also made it easier for dishonest buyers and sellers to defraud larger numbers of people


Online vehicle fraud is costing the UK £17.8 million each year, according to new figures released by the National Fraud Intelligence Bureau (NFIB) and Get Safe Online


Fraudsters used the following methods to steal their victims’ cash:


  • Part or full payment for the vehicles and then loss of contact with the “seller” accounted for nearly half (49%) of frauds
  • More than a third (37%) of cases involved the payment of a deposit rather than the full amount
  • Bank transfers (58%), fake eBay Invoices (14%) and fake Google Payment Systems Invoices (12%) offering non-existent "buyer protection" for the transaction were the most commonly cited payment methods
  • Some victims paid funds to holding accounts on the basis that funds will be held until the buyer had received the goods and was satisfied with them
  • Other victims received texts from well-known websites requesting refundable fees for car inspections




Get Safe Online outlines the risks to buying and selling cars and how you can safeguard yourself from being taken for a ride.


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Police swoop on gang in £1m car adverts fraud


Police staged dawn raids on homes across London today against a gang that has allegedly defrauded hundreds of people out of more than £1 million through fake online car adverts.


Officers described a house in Greenwich as an “ID factory” for creating fake documents to open bank accounts and police found seven mobile phones, two laptops and memory sticks on a dining-room table.



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