Being the victim of a scam sucks, especially when it involves something as expensive as an exotic car. Not only do you lose whatever cash and equity the scammer was after, but you are also left with a feeling of betrayal and disappointment that you trusted a dishonest person or organization.
From fake accounts messaging you on social media to phone calls from phony agencies, scams are running rampant in modern American society. In this digital age the scammer on the other side might as well be some nameless, faceless entity that you will never meet or be able to bring to justice for their intrusion into your life.
However, according to several reviewers on platforms like the Better Business Bureau, Yelp, and Google reviews, there is a more traditional scam being run by a business that claims to be a reputable car dealership in Southern California. CNC Motors has been accused of being a scam by several of their customers.
According to the above reviewer, CNC Motors was forthcoming with most information about a car that the reviewer purchased from an auction, except for a lack of photographs of the Porsche convertible with its top up. The reviewer stated that he requested those photos, but did not get them.
When he received his new Porsche, he discovered two tears in the fabric of the top that was never shown in the photos. According to the review, CNC appeared to be aware of these tears and did not disclose their existence to potential buyers. After being confronted about this issue, CNC Motors reportedly offered a partial reimbursement.
That would be a nice attempt to make up for the tears in the fabric, but the purported check did not show up for months. The review is not clear if the reimbursement was ever actually sent, even after repeated calls and emails from both the purchaser and the auction holder.
This Google reviewer explains that not only them, but the user’s friends as well have been given bad checks and been told of wire transfers that never show up. This user also accuses the owner of CNC Motors of running a Ponzi scheme. This is a type of scam in the consignment automotive business where the dealer uses money or auto loan equity from other buyers to pay back sellers that are already owed.
The issue with this type of scam is usually the number of people getting scammed gets too big for the schemer to keep track of. Eventually in Ponzi schemes, the schemer becomes unable to pay back the people that invested or used the service and that brings an end to the charade.
The fact that several customers are having issues receiving payments from CNC Motors is definitely concerning, and it makes sense that some of the people affected are suspicious of the dealership running a scam.
Whether or not CNC Motors is actually running an illegal scam is for the proper authorities to decide, but it is advisable to be cautious when dealing with any business with several dissatisfied customers. This is especially true when it comes to making serious financial decisions such as buying and selling vehicles.
For more information or to file a complaint, please contact Riverside, California DMV Investigations:
Ms. Yasmin Sanjaq Investigator DMV Investigations 6296 River Crest Dr. Suite A Riverside, CA 92507 Yasmine.Sanjaq@dmv.ca.gov Office:(951)697-6779 Fax: (951)653-4084