A South Florida realtor is facing charges after investigators said she took part in a credit bust out, an emerging criminal trend in the auto finance industry.
Ledys Garcia, 32, was out of jail by Tuesday night after she was arrested for allegedly participating in the scheme.
During a credit bust out, someone buys several cars and SUVs over a short amount of time before the purchases reflect on their credit report. Then they manipulate their own credit history to conceal their previous negative activity.
Garcia’s arrest report said people involved in this crime typically falsify their employment or income to misrepresent their financial situation, causing automotive lenders to approve them for credit, where they would have declined them if their true financial condition was revealed…