Odometer fraud is now on the rise. In the second hand car market, the vehicle is painted and its odometer is set and then the customers are charged double the price for the vehicle.
Odometer fraud cases have increased significantly
The owner of a car dealership in the US has been jailed for 5 years for tampering with the odometer. The owner of the dealership has also been fined about 4 million US dollars in reinstatement. That is, about 30 crore rupees in Indian currency. US District Judge Kiyo A. Matsumoto also sentenced the owner to 60 months in prison for his role in the long-running odometer and money laundering case. He has been found guilty of conspiracy to commit money laundering, conspiracy to tamper with odometer, making false odometer statements and fraud in August 2020.
“An automobile is one of the biggest purchases that many consumers make,” said Acting Assistant Attorney General Brian M. Boynton for the Justice Department’s Civil Division. Misrepresenting used car mileage deceives buyers and hides important information related to safety and reliability. The Justice Department will continue to work with law enforcement partners to prosecute odometer fraud.”
700 vehicles tampered with
Samuel Gully and his brother Chaim have duped buyers of used cars by misinterpreting the readings. Between 2006 and 2011, they tampered with about 690 vehicles. Both used fictitious dealership names to buy vehicles with odometer readings, used vehicles from the giving company on National Vehicle Leasing Company, and then changed the vehicle readings to sell those with lower readings. They sold vehicles at retail dealerships. In most cases, the reading was pushed back by 70,000 miles, or about 1.12 lakh km, which is certainly a large number. Customers who bought vehicles did not know the correct readings and bought vehicles at inflated prices.
This happens in India too
Please tell that such tampering is done in India also. However, there is no such strict law to solve this problem in the country. In India, only fraud cases can be filed against scammers who return odometer readings. The Indian used car market is growing rapidly and the size of the market is also increasing. Such scams are happening here, but not much truth is coming out.
There are many other types of scams in the used car market, including the best way to hide major accidents by getting the car repaired. Hence, you can always spot the signs of odometer tampering in cars by closely checking the service records before making a purchase decision.
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