Little Frauds, Big Frauds, Cost and Risk
Filed under: Consumer Complaints, Fraud, Identity Theft, Insurance
Have you ever bought a stolen car? Are you sure? If you leave your car or truck running unattended and it gets stolen, in addition to the insurance costs and headache, did you know that vehicle could end up financing terrorism?It sounds extreme, but I kid you not, vehicles from North America have been used in car bombings, and export of stolen cars has become big business with whole shipping containers full of luxury vehicles with Ontario license plates turning up in places like Ghana and Lebanon.
And those are just the big, blatant cases that are making your insurance premiums soar. Back to that cheap car you found on Kijiji or Craigslist – how do you know for sure it isn't stolen?
Related:
Top 10 Stolen Cars in Canada
Why People Commit Fraud
Stories From the Insurance Fraud Capital of Canada
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