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RE: LeoThread 2025-01-28 12:24

in LeoFinance11 months ago

Part 6/10:

Fraud does not solely originate from within the dealership. Some employees aid dishonest customers, creating fake documentation to help them secure loans for cars they otherwise wouldn't qualify for. The use of fabricated pay stubs, driver's licenses, and other identification can allow these customers to bypass legitimate purchasing requirements. When such documentation is discovered, dealerships face the consequence of having to buy back loans or risk being cut off from banking partnerships.

Identity Theft and Fake Transactions