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FBI hunts £1.8m eBay car fraudster

The Federal Bureau of Investigation (FBI) in the USA has issued a wanted poster for Nicolae Popescu, a Romanian man they suspect of leading a “sophisticated internet fraud scheme where criminal conspirators, posted advertisements on internet auction sites for merchandise for sale”. The scam – predominantly carried out using eBay Motors – convinced would-be buyers to part with money for cars that didn’t exist. On Bing: see pictures of car fraud 15 car-selling scams every car buyer should know about The conspirators posed as eBay sellers and then sent fraudulent invoices, that appeared to be from legitimate online payment services, with instructions for payment to bank accounts held in the United States.

Brilliance A3: China’s BMW X1 substitute. A Rose by any other name?

The Brilliance A3 - China's BMW X1 Lookalike The easy headline would be ‘Brilliance A3 – BMW X1 Clone’. But that would be a little unfair to Brilliance. Western car makers – as we’ve mentioned many times before – are compelled by Chinese law to partner with a local car maker if they are to trade in China.

De Tomaso fails to sell

The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of  €1.6 million. But there were no takers. Not one.