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3 suspects arrested in Florida luxury car theft ring — 1 stolen car was $300K 2020 Rolls-Royce. How the scheme works.
3 suspects arrested in Florida luxury car theft ring — 1 stolen car was $300K 2020 Rolls-Royce. How the scheme works.

Yahoo

time11-02-2025

  • Yahoo

3 suspects arrested in Florida luxury car theft ring — 1 stolen car was $300K 2020 Rolls-Royce. How the scheme works.

When you picture car theft, you might imagine someone breaking a window and hotwiring a car. But it's increasingly more sophisticated than that. Police busted three men in connection with a luxury car theft scheme in Miami Beach. Nader Eldamou, who lives in Detroit, was one of the victims. He shared his story with Miami Fox affiliate WSVN 7News. His car still hasn't been recovered. "The car is a $300,000 car, Rolls-Royce, gone," he said. A near-record number of Americans are grappling with $1,000 car payments and many drivers can't keep up. Here are 3 ways to stay ahead 5 ways to boost your net worth now — easily up your money game without altering your day-to-day life Home prices in America could fly through the roof in 2025 — here's the big reason why and how to take full advantage (with as little as $10) Here's what the thieves did, along with tips to help you avoid falling victim to this particular scam, which police report is a growing trend. Instead of hotwiring cars on the street, the Miami Beach car thieves targeted vehicle dispatchers and transporters — companies contracted to pick up vehicles and deliver them to car shows, dealers and other destinations across the U.S. The thieves managed to fool the dispatchers and transporters into changing the destinations to deliver luxury cars directly to them in Florida so they could drive away with it. "They present paperwork that seems legitimate, and they go away with the vehicle,' said Miami Beach Police spokesperson Christopher Bess. Police uncovered the scheme in January when Eldamou reported his Rolls-Royce missing. It was supposed to have been picked up in Miami Beach and delivered to an auto shop in Detroit, but never arrived. Read more: Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Police traced the fake shipping arrangement to Armenian and Russian brokers and spoke to a delivery driver caught up in the scam. The innocent driver had been unknowingly rerouted and delivered luxury cars — including a Rolls-Royce, Lamborghini Urus and Audi R8 — to locations throughout Hallandale Beach. Video surveillance footage showed suspects following the transport vehicles and picking up the cars after they were rerouted to the wrong location. To bust the car theft ring, police set up a sting. They organized a controlled delivery of a Lamborghini Urus. Three men arrived in a stolen Rolls-Royce Cullinan and Bentley and paid $700 for delivery of the Lamborghini. Police arrested all three men and recovered two stolen cars at the scene of the crime, but Eldamou's Rolls-Royce is still missing. As car transport fraud is a growing trend, police offer these tips to foil con artists: Use a GPS tracking system on your car. You can contact your car dealer to install one. Research any transport companies that are going to move your car to any destination. Confirm no one has rerouted delivery of your car when a third-party service picks up your vehicle for deliveryy. Otherwise, you may never see your car again. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) 'Savers are losers': Robert Kiyosaki warned that millions of 401(k)s and IRAs will be 'toast' — here's his advice for older Americans who want to protect their wealth Suze Orman: If you think you're ready to retire, think again — 4 critical money moves to avoid a financial crisis in retirement This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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