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    In Italy, a businessman rented 1,100 cars, resold them, and skipped town, pulling off a $30 million fraud scheme. He’s now on the run


    In Italy, a businessman rented 1,100 cars, resold them, and skipped town, pulling off a $30 million fraud scheme. He’s now on the run

    https://www.repubblica.it/cronaca/2024/10/10/news/noleggia_auto_rivende_evasione_milioni-423547254/

    Posted by giuliomagnifico

    Bytes Europe

    View 18 Comments

    18 Comments

    1. giuliomagnifico on

      An “easy” way to make money: selling rental cars!

      Auto-translated

      >Over 1,100 cars rented and then made to disappear. Some resold.
      >
      >The entrepreneur Salvador Alejandro Llinas Onate, sole director of Auto Click Italia based in Trento (Italian branch of a Spanish group), 47 years old, originally from Palma de Mallorca, has disappeared.
      >
      >The last time he was seen was in Taiwan and now they are looking for him with a European arrest warrant. The Trento prosecutor’s office is continuing with the proceedings against him on charges of fraud and fraudulent bankruptcy .
      >
      >The Guardia di Finanza has calculated an evasion of around 30 million euros with thousands of people defrauded since (in 2019) the company went bankrupt throughout Europe

    5. vladoportos on

      you can change ownership of car without signature of current owner ? that’s a new one.

    6. SillyWoodpecker6508 on

      Did he sell them for cash? Can’t banks reverse the charges since they were fraudulent.

    11. gotzapai on

      Probably he didn’t pay the gouvernement it’s share, as tax(VAT?).

      30mil / 1100 cars = ~27.3k per car

    14. CANYUXEL on

      Selling 1100 rented cars in record time? Why bother hustling illegally, we’ve got the world’s best salesperson here.

    16. avalontrekker on

      Literally what every big corp did with online content, scraping it to train their “AI” and then (re)selling it as a sub.