by Christopher Freeburn | October 25, 2013 11:16 am
U.S. authorities are looking for a Romanian national linked to a scheme that duped online buyers into purchasing cars that did not exist.
The face of 33-year-old Romanian Nicolae Popescu now adorns wanted posters issued by the FBI. The agency says that Popescu conspired to commit wire fraud and launder money, the BBC notes.
Popescu is one of six individuals sought by American authorities in connection with the fraud, which was run on popular auction website eBay (EBAY) as well as Cars.com, AutoTrader.com, and CycleTrader.com. The group is thought to have swindled people out of about $3 million.
Since the group was based in Romania, they apparently felt U.S. authorities could not arrest them. Popescu was recorded by an FBI wiretap saying that he was “beyond the reach” of American police.
“They siphoned funds from victims to fuel their greedy desires and created false identities, fake websites and counterfeit certificates of title in order to make the scheme more convincing,” an FBI official commented.
Source URL: http://investorplace.com/2013/10/fbi-issues-wanted-poster-man-behind-ebay-car-scams/
Short URL: http://invstplc.com/1fpC8NA
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.