lamborghini reported stolen after i bought it

Even so, this whole thread is a must read for anyone who ever is to acquire an exotic by any means. They should make it a sticky. Even if they took out all the names of the parties involved.

 

Why?.

 

How about a "summary" with the names removed... for those of us that would rather not read through all the peanut gallery comments.

 

If nothing else, an interesting display of karma for those who subscribe to the concept.

 

I don't know if there is even a hint of karma here. The only person that got away free and clear was the original scammer than sold a car that didn't belong to him.

 

You were doing real well up to this part.... One key problem was that there was NO LIEN even though the leasing co should have placed one.

-mick

 

As far as you know...In any event, I'll wager it will catch up with him in the fullness of time.

 

That was just an example of how to protect (or not!) one's self.

 

and who was that? (just want to see if you are paying attention)

 

The guy that leased the car from Esquisite Leasing and then convinced them to send him the title so he could sell the car to the dealer in Vegas.

 

The "original scammer" didn't get away free and clear... far from it...

Highlight to read: The "original scammer" is the leasing company representative that transferred the title for the Gallardo to the customer that had leased it, after that customer made a payoff of $80,000, on top of a downpayment of $50K and an unknown number of $1200 monthlies. That was a valid sale from the customer's POV. He paid the $80K, and got a clean and clear title. That customer then sold the car to the LV dealer, who sold it to Roy Cats who sold it to Josh. The fact that the leasing company representative may have been playing dirty pool with the companies assets does not alter the facts that everyone that has touched the car since has done so without scamming, or stealing, or cheating. Well... except for Josh and that whole "not registering in California to avoid the taxes" thing. At any rate I'm sure the leasing company rep who short-sold the Gallardo and the other cars is certainly being prosecuted for it, hardly a free and clear get away....

 

Very James Bond-ish

 

doh! wrong answer. i had a feeling you weren't paying attention.

 

cool. but maybe not if he was one of the owners. He may have had authority to sign off on the deal.

 

Roy and the Kid actually *agree* that Roy sent the Kid the title in a February FedEx delivery.

Based on the LV police report posted on this thread, whoever reported the car stolen on 3/21 had neither the title nor car in their possession.

That reeks of scam. Either a party down the line obtained a fraudulent "duplicate" title, or else the guy reporting the car as stolen was doing so after he'd mailed out the (apparently) clean title.

 

A Las Vegas customer buys a Gallardo via Esquisite leasing company - $80k down and a monthly payment of approx $2500.00.
The leasing company has the physical title but does not place a lien against it.
Something happens at the leasing company (internal dispute between two principles) where the physical title is "secured" and offered to the Las Vegas customer via a "short sale". Customer does the deal for 50k. Nothing rises to a level of suspicion.
Leasing company rep repeats the process with 3 other customers - not related.
With title in hand, Las Vegas Gallardo customer sells Gallardo to Viva Las Vegas car dealer. Customer (a NON-USA Citizen yet resident of Nevada) goes back home with payment.
Starting late 2007, new customer (23 year old Josh) is looking for a "cheap" Gallardo via Roy @ Cat Exotics. Posts to various boards about his search.
Dec 22nd 2007 - Cats Exotics brokers Gallardo sale (car unseen by Cats) from Viva to new customer for 115k.
Cats Exotics and VIVA both verify title is clean. Car is not represented as perfect - price reflects this.
Dec 27th 2008 - sale is completed, payments are made via 9 credit cards of various names.
New customer personally picks up car at organized delivery point of Las Vegas airport.
Car is driven from Las Vegas airport back to its new LA home.
Dec 29th, as new customer sits in car for 7 hours using a laptop waiting for tow truck, posts about smoke, tire and steering column problems.
Problem was a flat tire. New customer posts asking who should pay for repair.
Roy @ Cats buys customer a new replacement tire as a good will gesture.
Jan 3rd 2008 - new customer reports "5 days, 2 "unsafe" lane changes TICKETS, and 800 miles put on the car"
Jan 4th 2008 - new customer reports "drove in the rain with the "snow" button on - i had to floor the car to move 20mph max". Claims 02s are fried.
Roy @ Cats offers and pays for half of service bill @ Lambo OC as another good will gesture.
Cats pays VIVA. Title makes its way to Cats.
Jan 22nd 2008 - new customer reports "2300 miles driven".
Jan 23rd 2008 - new customer makes claims the car has been in a wreck, completely repainted with frame damage.
Upon further review at Lambo OC, no wreck or frame damage has occurred - minor paint work was confirmed - why is unknown - maybe was keyed.
Cats Exotics reports that all further cars will be PPI'ed before delivery.
Cats Exotics offers to buy car back minus a mileage charge - new customer declines. New customer talks about a Murci purchase.
New customer declines various "intervention" attempts at numerous Lambo discussion forums.
New customer gets physical clear title to car on Feb 2nd 2008 via FedEx - within the 45 day requirement. Title is allegedly then forwarded by new customer to a Montana LLC.
New customer has not and does not register car.
On 21st March 2008, the first sign of trouble with car appears. Las Vegas PD is ordered by a court to take and file a Stolen Vehicle report - listed "victim" is Leasing Co. Date of loss is stated as 22nd December 2007.
Around Mar 23 2008, Cats Exotics was contacted by a PI (of the leasing co). Roy doesn't know whats up but alerts new customer that something is up and to let Roy know if something happens.
Mar 26 2008, new customer reports being handcuffed and placed in to police car as police secure "stolen" Gallardo.
New customer spends subsequent days posting on various web sites about ordeal.
As advised by numerous parties including Roy @ Cats, new customer retains lawyer to initiate claim against Cats - Cats starts claim against his parties.



I think thats it - if something is wrong let me know and I will correct it.

-mick

 

Nice summary. I'd add: customer asks Roy for cash back (plus attorney fees) instead of refund to 9 credit cards of different names used for initial purchase.

Car wasn't (isn't still) registered in California and sales taxes/tag fees still aren't paid.

Neither customer nor seller paid the $49.95 for title insurance.

 

What's actually key here is if the "victim" leasing company made the claim with or without title in hand.

If yes, then someone on down the chain obtained a duplicate title to the car (fraudulently, it would seem).

If no, then the "victim" leasing company is pulling a scam...taking advantage perhaps of the Kid who wasn't properly registering the Lambo.

 

http://orangecounty.craigslist.org/car/633035481.html

 

The "evidence" suggests that they lost the title via a "theft" which in turn allowed the car to be stolen - all being reported to the LV court.

-mick

 

HAHAHAHAHAHAAH, i havent laughed that hard in a while. Thanks!

 

oh my god...

 

You just gave more life to this thread.

 

In ur yardz, steelin ur Gallardo!
Image Unavailable, Please Login