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dealership fraud
Margaret: if check bounced, bank may not have released lien. This type of fraud is common in failing car dealerships. I was appointed trustee in a case wherein the dealer sold cars three times. They would call the other dealers for a yellow model, sell it. Keep the car on the lot till the financing came through, and sell it again. So they tricked another dealer to give them the yellow one, then sold the car they didn't own twice. Buyer beware.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On May 11, 2010, at 11:41 AM, "Margaret Norman" wrote:
My secretary's daughter consigned a vehicle to dealer. The vehicle had a large lien from bank. Dealer sold the vehicle; "paid" the lien with a check which bounced. DMV records show that the dealer put the vehicle in his name and then sold it. Dealership Corporation is in Ch 7 having converted from Ch11 (never mentioned that to the daughter) We are running a KSR which will tell us the name of the new buyer. What can be done to get the money from the dealer to pay off the bank. They sold property on which they cannot give clear title. Any suggestions would be appreciated. Relief from Stay doesn't help me because the dealer no longer has the vehicle.
Margaret Norman, attny
111 N. Sepulveda Blvd. l#355
Manhattan Beach, Ca. 90266
310-376-7873
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Margaret: if check bounced, bank may not have released lien. This type of fraud is common in failing car dealerships. I was appointed trustee in a case wherein the dealer sold cars three times. They would call the other dealers for a yellow model, sell it. Keep the car on the lot till the financing came through, and sell it again. So they tricked another dealer to give them the yellow one, then sold the car they didn't own twice. Buyer beware. Dennis McGoldrick 350 S. Crenshaw Bl., #A207BTorrance, CA 90503On May 11, 2010, at 11:41 AM, "Margaret Norman" <marge@margeslaw.com> wrote:
My secretary's daughter consigned a vehicle to dealer. The
vehicle had a large lien from bank. Dealer sold the vehicle; "paid"
the lien with a check which bounced. DMV records show that the dealer put the
vehicle in his name and then sold it. Dealership Corporation is in Ch 7
having converted from Ch11 (never mentioned that to the daughter) We are
running a KSR which will tell us the name of the new buyer. What can be done
to get the money from the dealer to pay off the bank. They sold property on
which they cannot give clear title. Any suggestions would be appreciated. Relief
from Stay doesn't help me because the dealer no longer has the vehicle.
Margaret Norman, attny
111 N. Sepulveda Blvd. l#355
Manhattan Beach, Ca. 90266
310-376-7873
-- This mail was scanned by BitDefenderFor more information please visit
The post was migrated from Yahoo.
My secretary's daughter consigned a vehicle to dealer. The vehicle had a large lien from bank. Dealer sold the vehicle; "paid" the lien with a check which bounced. DMV records show that the dealer put the vehicle in his name and then sold it. Dealership Corporation is in Ch 7 having converted from Ch11 (never mentioned that to the daughter) We are running a KSR which will tell us the name of the new buyer. What can be done to get the money from the dealer to pay off the bank. They sold property on which they cannot give clear title. Any suggestions would be appreciated. Relief from Stay doesn't help me because the dealer no longer has the vehicle.
Margaret Norman, attny
111 N. Sepulveda Blvd. l#355
Manhattan Beach, Ca. 90266
310-376-7873
The post was migrated from Yahoo.