lamborghini reported stolen after i bought it

Josh, dont quote me without permission, don't do so and take my post out of context... And dont remove content from L-Power and post it here WITHOUT OUT PERMISSION AGAIN. You think you're in a world of **** now, you've got no idea what I can rain down on you son.... You've been PMing me for the last five minutes to REMOVE half of what I wrote (the parts pertaining to YOUR culpability in this).....


For the record, here is the FULL post- I apologize in advance for the harsh language, but we on L-power have an adults only policy, and what goes there may not be appropriate here... Just the same, I am only posting this for CLARIFICATION- Thanks. RD:

 

Sincerely,
From the guy who owned a Lamborghini

 

Tsk tsk!

 

Was this taken from the LP forum as well!?

 

How long is this thread going to last?. I work on tusday and once iam on base I can't look on the forums until thursday .

 

LOL!

 

From L/P
[QUOTE(RomanDad @ Mar 29 2008, 11:36 PM) *
Catkiller just bought himself ANOTHER suspension for MISQUOTING me on Fchat....QUOTE]


Roman has laid the smackdown on catkillers candyass apprently.

I gotta go.

 

Something bothers me:

There's been alot of talk about some 'judge' who ordered a 'writ' or whatever. Josh, has lawyer found out if this is the case yet?

Something in my gut tells me this is more the case of:

1. Car reported stolen days after it was sold
2. Car is driven around without plates for 3 months
3. Driver gets pulled in car for having no plates or whatever
4. Car VIN comes back as stolen, car is loaded on truck to be sent back to where it was stolen from by the police.

Josh, is that the case, or is there really a judge somewhere all hot in his crotch to order the seizing of out of state Lambo's?

 

+1 Roy!

 

This seems reasonable. Maybe the police just have it impounded because of the reported theft. Maybe this is why Josh was in cuffs. Josh's first posts were essentially "Roy sold me a stolen car".

I also think that given the 9 credit card situation, and given the age of Josh that:

a) Josh goes to register the car a realises that he needs proof of insurance and about 9K sales tax
b) Josh did not realise how very expensive insurance for a 24 single male on a 110K exotic was going to be
c) With all funds tapped out Josh drives car without registration or insurance

So I read up on some of the requirements of Ex Parte. To me it seems something you would use something like that for a drug bust, counterfeit ring or something. Nonetheless it also mentions that you need to come up with double the seizure amount as, to me, some sort of guarantee or bond. So "someone" would have had to cough up 220K? Going back to a couple of senarios you detailed around the 50K downpayment. Why would they put down cash money (or assets) in that amount and not just write it off?

Then again maybe I missed somthing...

Another question though: How is entitled to report a stolen car and what type of documentation do they need to support that entitlement?

 

I just wonder who in their right mind would put an exotic on 9 cards.

 

A kid who is'nt intelligent enough to realize he can't afford the car....

 

No, no, I think you're right.

I think after all the blabbing and steam blasted out, the simple logical truth rises to the surface. Before I refreshed the page and read your post the ex parte deal was running through my mind too, and the analogy I came up with is:

Going to some major court and getting an ex parte seizure order for a car that sort of is stolen, even if due to title fraud, is like taking the heads off your car and bringing them over to your workbench, just to change your spark plugs!

I mean why go through all that time and expense. The stolen property laws, mechanisms, and machinery between the states are well in place and work pretty well once the cops get their hands on the car. Then the machinery grinds away and car gets back to its 'registered owner'.

You're right on the bond issue too. Usually bond on something like that is 1-2x the cost of the property involved you're absolutely coorect. They'd have to bond the whole cost of the car and then some just to have them go get the car.

Maybe if it was like a 'magic' car or something you know, that would like do magical things. Then you'd have to go to magic court to go get it. But you know what, it's a friggin stolen car, end of story. The cops snagged it, and it's going back to whomever last owned it prior to it being 'stolen'.

You can judge some things by peoples reaction. When abolfaz said he talked to LVPD and confirmed through the VIN that the car was indeed reported stolen, Roy blew the biggest friggin gasket I've seen in this entire thread or anywhere, and talked about not selling anymore cars, and giving it up for retirement etc.

No offense Roy, but your explosion looked like that of someone who just pieced it together in his own head that yes - sold someone a stolen car, and that could indeed mean the end or a very serious setback for their car selling business.

Roy hammered ablofaz again on his criminal past or whatever to try and discredit him, but I went through and read the whole Lambo Power thread, and in that thread, abolfaz posts in that forum too, and a few days ago basically said to Josh over there 'This is whacked. You don't have copy of the police report yet or a firm answer on if the car was stolen? PM me the VIN and I'll go get the answers for you'.

So I'm sort of assuming abolfaz actually went and got the answer...and it was reported stolen. If that's the case it would hit pretty hard someone who said about 40 times in this thread 'The car was NEVER reported stolen. Never, ever, ever, never. Never before during or after I sold it...'.

It's looking more and more like the car was reported stolen, the very week it was sold, and whatever mechanism Roy used to search is broken or defective. Or perhaps it was just an error somewhere else. Like it was reported stolen IN LAS VEGAS, but never made it into NCIC? So yes call Las Vegas and they'll tell you stolen but you can't see it anywhere else?

What needs to happen is we need to form an independent commission of Fchat members to spearhead this investigation. Sort of like the JFK assasination you know? There was a magic bullet there too. You know he couldn't have just been shot from triangulated crossfire from 3 angles, no, the 18 wounds the people had came instead from 1 magic bullet Oswald fired after screwing up the first two shots. And in this case a federal judge is now sending the Gallardo back to Langley for analysis and impounding in Hangar 18, because the car is not just stolen, it was put here by ALIENS. Then it was stolen AFTER that, and now the aliens want it back, or they can't go back to their home planet Gallllardo.

 

I have learned over the years that Abolfaz and Romandad and pro's at getting chit straight and filtering out much of the BS....Looks like there will be more to this story when I get back on this afternoon.....

 

I see your point. However from what I gather Josh nor Roy nor CarFax nor <insert whatever validation mechanism searches VINS> knew, at the time it was sold, on or before the 20th, that the car was stolen, hence his reaction, and what he really meant by that statement. As far as Roy was concerned the car was good to sell. I mean I don't know Roy, and thank God I don't know Josh, but he has been doing the car thing for a while, made some money and is almost retired. He doesn't strike me as the type of person that would risk his remaining years, crediabilty and fortune and end up in jail for selling stolen cars.

I would wager that Roy himself did not know the car was reported (no one knows if was actually stolen until the court decided) stolen until Josh told him. And maybe in fact, Josh NEVER told him, and it wasn't until someone from FCHAT or LPOWER or just Roy checking out the boards that he knew.

I would say that Josh has a tendancy to distort things based on habit evidence.

Still wondering how one can or could report a car stolen.... What do you need to do that? It can't be as simple as an affidavit and a VIN is it??? There HAS to be a police report.

Josh goes on somewhere about how "The owner hired a P.I." People don't hire P.I.'s to track down a Gallardo. A Miura maybe... What they do is call their insurance company and it is not normal for them to hire a P.I. either. They know very well that the car like that is already in a container or it will eventually show up after a joy ride. They write off the loss end of story.

But maybe this person was like Josh and could neither afford the car anymore or the insurance. And it is not normal for them to hire a P.I. either.

How much do you want to bet that the Lambo was repo'ed from the original owner for failure to pay? And after it was towed he reported it stolen?

 

You know, I just had biggest brain fart ever. I've been cooped up in this hotel doing 'work' (well more likely reading this thread every 5 minutes), but right now guess what?

I AM IN LAS VEGAS. Here I'm typing about Las Vegas like it's some far away place, yet I'm sitting right here. Like the Las Vegas in the thread was not the Las Vegas i'm in.

So, if anyone want me to go talk to the cops, or call them or friggin whatever, and find out once and for all if the car was stolen, send me the VIN. I'll be busy through mid week but after that Ive got time. I'll go get the whole scoop!!!!

Is there a court case? I'll go over the court house and ask for the records of the case. This will be fun!

Where is Viva Las Vegas Motorcars, and who are the genius' over there involved in all that? I'll go look at cars and be like, hey - didn't you guy sell that stolen black Lamborghini, yeah that car's like famous now, so I've come to see what other stolen vehicles you may have for sale.

No, no wait...I have it. Josh do you have another set of keys for the car? I'll wait here until the car comes back, and they likely will think they have it, and leave out in the open somewhere. And I'll go in and repo it for you Josh. Since you ARE the owner, I'll just be like the repo man, not a real car thief or anything. I'll drive it right back to CA!!! Ah crap, do you think the other people involved in the case are reading this thread?

Also, why is Josh in Lambo Power thread telling all these details that aren't here. Like for example: Josh talked to the guy at the 'towing company' and the 'owner' already came and picked up the car this week??!?!

So like, the cops don't even have it??? Why are we debating things here that aren't even there to debate? If the car was picked up by the 'owner' [whoever in the hell that is???] then the car is so far gone who knows where it is. Long long gone as they say in the LP thread.

IS THIS TRUE JOSH? Here we've been conspiracy theorists talking about ex parte seizure and keeping the car from leaving the state, while some guy named Bob showed up at the towing company and said 'Yeah I'm here fer that er Lambogini?' and they handed him the keys and off he went?

Like hmmmm like when your car is STOLEN. And they find it, and give it back to you? That sounds like stolen car to me. Heck anyone that's seen The Big Lebowski knows what happens when they find your stolen car. You get it back, but like without the ringer dude.

 

40 pages of utter nonsense!!!

I cannot believe anyone who gets pulled over for owning a alleged "stolen car" would not give his/her lawyer a call in the first instant that had time to come on Fchat, Lpower to post a thread and pictures taken. FFS.

A court of law only cares about evidence (not truth) and what the law stipulates. So wtf are we all going on about righteousness and being right being wrong. This should be dealt by the principle parties 360spider, Roy, VIVA, Leasing Company and their lawyers! and their first advice will be STFU and keep this quiet until everything is done. Everything you say may be used against you in a court of law. If all parties felt like release their 'anger', 'bitterness', or whatever can do so after this thing is properly and lawfully dealt with.

This is not a match of right and wrong, it&#8217;s a great war between Roy supporters and Roy haters! FFS what is this high school girl chat line? The urgent matter is what's going to happen with the car and money, and that should be handled by the book, by the lawyers and in the soonest time! Throwing your worthless 2 cents on Fchat / Lpower and finger pointing isn't going to bring 360spider's money/car/title back to him. So stop adding the fuel to the fire, let their lawyers do the talking behind the scenes and discuss after the matter is finished and done with.

What the heck is happening to this place?!

 

There was joke my friend used to tell at big parties. It was called 'the clown joke'. I used to get aggrevated when he'd tell it, because I knew what was coming.

It was joke told as if it were a true story, and the story is VERY INTERESTING. It would get a big crowd of people around him, and if anyone would try and leave the joke mid-joke he would say all kinds of things to reel that person back in.

It's a story about how he meets a clown at the circus and gets into it with the clown and then it's like this whole crazy adventure with the cops involved, etc. and everyone in this crowd is waiting until the end, like waiting for some big conclusion. And finally when everyone is getting crazy and getting so sick of listening to this story after like 30 minutes my friend says "And then the clown said "F*ck you suckas" and then he just left and I went home".

And he says nothing else, and turns around and sips his drink and walks away, and people are PISSED. Because they realize the joke is really on them, and they've just wasted at least 30 minutes of their lives, at a good party no less, listening to this kid tell this story. I would loathe it because at some parties, people would actually be MAD and try and beat up my friend after this.

This whole thread, is kind of like that.
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I forgot to set the alarm, what did I miss?

 

How about rephrasing it as:

"I am disclosing private information about my client to ridicule him, even though I said I don't do that."

How the **** does it matter if he put it on 9 credit cards or sold his clothing and lived in a field and ate cabbage? Completely irrelevant whether he is living above his means or whether he can afford to buy them in colors. Wow, talk about scummy tactics. Roy, you are sinking to new lows...

 

Josh, this is your wake up call!
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Josh, are you are digging a big hole my young friend? You have to be careful what you right on the web, especially when involved in a dispute. This will only hurt you.

Roy, It seems to me that at 51 years of age you could have handled the kid a bit better. If I was worth 150 million I would have given the kid his money back and sent the lawyers after the REAL culpable parties.

This is an unfortunate mess that hopefully will result in both of you getting a happy resolution.

This is why I would only buy a car from a dealer with a long history and a direct link to the manufacturer. When my 430 blew an engine at 6K miles FNA took care of me and sent me a brand spanking new engine in 36 years via air.

 

With all the talk here about titles and how they work and liens on file and liens on paper, I thought I would take few mins and explain the process! In this thread I am going to talk about some terms that are not common for anyone outside the car business, and maybe some attorneys! I will cover the difference between a wholesale deal, and a retail deal, what dealer reassignment is, in-state sales and titles and out-of-state sales and titles, and some differences in each state. I will try to explain the best I can, and how to avoid issues like the ones going on here, and how to protect you from a similar situation!

I will talk first about how dealers buy car for there inventory! When a dealership, needs inventory we use a number of different sources to buy cars, like the auto auction, a broker, a wholesaler, or a couple of different dealer trading networks. Dealers in most cases use what is called a &#8220;floor plan&#8221; line of credit. A floor plan is a system of financing that permits a dealer to borrow money to buy inventory, which becomes the security for the loan that is repaid when the merchandise is sold. Thus the floor planning lender places a &#8220;lien&#8221; on all stock inventories, until the loan is repaid! Normally floor plans are short terms notes 90-120 days full curtailment! If you have go to dealership, and you purchase a new car, and trade your old one in, the dealer would pay down the note at the bank on that one car they just sold, and re-floor your trade, pay off any liens you might have, out of the funds coming from financing or cash in the deal, have a clear title to the customer, and a clear title on the trade! Over the last couple of years, there has been a lot of talk of dealers not paying off trades, and customers are left 2 cars payments and there credit shot! How this happens is when a dealer is over extended his floor plan, and can not borrow on your trade-in, so he has to sell the trade-in first&#8230;in some cases it takes longer then 120 days to sell a car, so the customer is late 4 months of payments, and the bank is looking for the car! The new owner buys the car, can not get a free and clear title, and the former owner is left with negative credit, and the dealer receive a fine, faces jail time and refunds all funds plus interest to the parties.

When a dealer sells a car to retail buyer, the contract is between the dealer and the customer, the title is being delivered to the customer free of any liens, minus any financing the customer received to buy the car in the first place. Laws are different in each state, some being what called &#8220;title in hand&#8221; states which means the customer will receive a title from the dealership, with no liens listed; it will be a title in the dealerships name signed over to the owner. For in-state sales the tile will have also have a application for title with it, and any reassignment of title to the lien holder, and where the title needs to be sent once in issued to the new owner, either to the customer with lien noted or to the lender with lien noted. In some cases, when the dealer or lender sends the title to the customer because the state requires it for the owner to register the new car, the new owner might neglect to inform the state there is lien on the car. So the state issues a title free and clear. Shortly there after the finance company will notify the state the customer xyz, bought vin# abc, the state then notes the title and send the owner a letter to inform them they now have a lien on the car.

Let&#8217;s say in between this process a customer decides &#8220;hey I can make some fast money here lol!&#8221; And they then go sell the car, they have a free and clear title, so they go there local broker, sells them the car, the broker has the seller sign the title over to the broker, and seller collect his payday! He disappears and takes the money. The broker who bought his car has no idea that the title has issues; he decides just wholesale the car to a different broker or wholesaler. When the broker sells the car, he is not required to place the title in to his name, so he reassigns the title to the new broker, who in turns markets the car to a wholesaler where the title just keeps getting reassignment form broker to broker. In this case there would be a free in clear title in the hands of each broker and everything would appear to be fine! But remember the state sent the original owner a copy of the lien that was reported to them by the finance company, and he felt like getting rich and sold the car!

So now a retail customer who wants to put the car in his garage finds the car, so he buys the car. This retail buyer does not live in the dealer&#8217;s home state, in some states the dealer doesn&#8217;t have to register the car to there dealership, keeping the circle going, of dealer reassignment to the retail buyer. The new buyer drives his car the first 30-120 days thinking &#8220;WOW, I feel so cool in my new car, but now I have to go get plates and pay tax&#8221; So he takes his dealer reassigned paper and goes to his court house, to a titling company and pays his tax and lic. Drives home! Remember that the first owner received from the state that there was lien on the car, but he choose to sell the car first???

Well here&#8217;s ware it gets fun! Since none of the other broker registered there car into a dealership name, the car stayed under the radar&#8230;So because of the lien the original owners state sent the letter about, now shows up, with this being the first time a new title gets issued, Boom his car is gone! So the buyer would go back to the dealership he bought the car from based on the lien now found, the dealer would be obligated to return the buyers money, and follow the paper trail all the way back to the original owner

This could happen, weather the sale is a in-state or out-of-state. In some sates the dealer is not required to flip the title into the dealerships name until the car has been resold to a retail end user. Since the new owner has temp tags, the selling dealer would move to place the title into the dealerships name at the time of sale&#8230;So for at least 20 days, the dealer and the buyer thinks everything fine! At some point during the temp tag period, the dealer would receive a letter from there sate DMV letting them know that a title can not be issued because there is lien listed in another state&#8230;At this point the dealer, would start back-tracking all the way to lien holder, and get the facts&#8230;The dealer then would call the customer and explain what has happened, and them return the car, or the dealer could work to clear up the situation on there end! So you can see how tricky this really could get!

In my state I have 30 days from the time I as a dealer buy the car to flip it into my dealership name and a South Dakota title. So here right at the point the title in question would have bee rejected&#8230;In fact I have been through a situation in the past where I sold a buyer a new car, who thought he lost his original title in moving to a new home, so we start to go through the duplicate title process when he found the original title, He sent this to me, forgetting to stop the duplicate process! When I sent the title to the South Dakota DMV the title was rejected stating there was a new title in place&#8230;.Shocked to say the least! So I called my buyer and I asked him to please send the dup. he had requested! He informed me that since he sent me the original, that he destroyed the new dep. so it would not ends up in wrong hands! So to make long story short it took over 8 weeks to clear up the issue and get me a clear title&#8230;Guess what though? During those 8 weeks I could not sell the car under state law. Not even wholesale! The car just sat here! My point with that story is to show that when a dealership is required to flip the title to there name, any and all issues will show up, and if there is any issues the title would be rejected!

Any car we have in stock we have titles in hand, with Premier Motorcars of Sioux Falls as the owner, and is issued in South Dakota! Retail or wholesale in-state or out-of state sale! Many have asked, &#8220;What could be done to prevent this from happening?&#8221; Require when you are looking at car to have the title faxed to you since in the fax the title would say &#8220;void&#8221; all over it in the watermark, and asked for any lien releases from the dealers floor plan once paid for! If the dealer flips his titles, before marketing the car for sale, there is no chance of issue like the ones happening! This a state issue and the laws of all 50 states should be the same on this issue!