DORAL, FLA. (WSVN) – Twenty-one people are in custody after officials with the Miami-Dade Sheriff’s Office Organized Crime Bureau’s Auto Crimes Taskforce said they were involved in a multi-million dollar credit fraud schemes affecting car dealerships across South Florida.
MDSO officials gathered at their Doral headquarters on Monday to expose, what they say, is the latest trend in credit fraud.
“Our Organized Crimes Bureau’s Auto Crimes Task Force has made a major breakthrough in exposing a local multi-million dollar fraud trend,” said Miami-Dade Sheriff Rosie Cordero-Stutz. “This sophisticated criminal activity is called Credit Bust Out, and here’s how it works. Straw buyers flood car dealerships with phony paperwork fake pay stubs, false W-2’s, fictitious addresses to misrepresent their true financial condition.”…