Used-car purchases often begin with an online advertisement, and, as a result, an increasing number of scams involving online car buying seek to dupe unsuspecting shoppers. Online car-buying scams are also becoming increasingly sophisticated and, therefore, harder to detect, according to the Internet Crime Complaint Center, or IC3, a partnership between the FBI and the National White Collar Crime Center. From 2008 through 2010, the IC3 received nearly 14,000 complaints from car shoppers who have been targeted or victimized by an online car-buying scam. Victims lost $44.5 million over that period.
Story first published: Thursday, June 16, 2016, 17:49 [IST]