Virginia Business Raided Over Car Title Fraud

Title Fraud Bust in Virginia
In this week’s car title fraud news, we came across a story where in Virginia the DMV executed a search warrant and arrested a bunch of people on violations of the criminal and motor vehicle codes related to title fraud.

Investigation Unveils Money Laundering Scheme
They’re looking into how money and vehicles are being transferred. It seems like this company or these people were using vehicle titles of other people and processing the titles as a way to launder money and to move money around.

Vehicle Title Processing Linked to Money Movement
The link is below the video in the comments, but you’ll see that these organizations, these companies were using vehicle title processing in the process of getting titles at the DMV to move money around and to shift the ownership of vehicles to people who may not actually have been the owners.

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