Auto Dumping on the Rise

According to the Coalition Against Insurance Fraud, the New York Alliance Against Insurance Fraud issued a report this week detailing a 35% increase in so-called “owner give up” frauds where a car owner arranges to have a car stolen and destroyed – often by fire or by dumping the vehicle in a lake or river.  Fraud investigators across the industry saw a spike in these scams -particularly with high-end SUV’s – when gas prices skyrocketed.  But now with the deterioration in the economy over the last few months, it seems the trend may continue.


One Response to Auto Dumping on the Rise

  1. I wondered when this would start to happen. It only makes sense that people would try this scam in harder times. Thanks for sharing!

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