lamborghini reported stolen after i bought it | Page 59 | FerrariChat

lamborghini reported stolen after i bought it

Discussion in 'LamborghiniChat.com' started by 360spider, Mar 26, 2008.

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  1. Mark from Ork

    Mark from Ork Formula Junior

    May 29, 2007
    449
    Miami Biatch
    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.
     
  2. Pantera

    Pantera F1 Rookie

    Nov 6, 2004
    4,479
    Why?.
     
  3. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    18,644
    California
    Full Name:
    Ethan Hunt
    How about a "summary" with the names removed... for those of us that would rather not read through all the peanut gallery comments. :)
     
  4. krasnavian

    krasnavian Formula 3

    Dec 24, 2003
    2,187
    Los Angeles/Paris
    If nothing else, an interesting display of karma for those who subscribe to the concept.
     
  5. TravisJ

    TravisJ Formula Junior

    Feb 9, 2008
    628
    Austin, TX
    Full Name:
    Travis
    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.
     
  6. gday

    gday Formula 3

    Sep 10, 2004
    1,086
    CA, USA - NSW, AUS
    Full Name:
    Mick
    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
     
  7. krasnavian

    krasnavian Formula 3

    Dec 24, 2003
    2,187
    Los Angeles/Paris
    As far as you know...In any event, I'll wager it will catch up with him in the fullness of time.
     
  8. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways

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

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    and who was that? (just want to see if you are paying attention)
     
  10. TravisJ

    TravisJ Formula Junior

    Feb 9, 2008
    628
    Austin, TX
    Full Name:
    Travis
    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.
     
  11. ApexOversteer

    ApexOversteer F1 Veteran

    Feb 15, 2007
    5,968
    Smoky Mountains, TN
    Full Name:
    T.A. Bell
    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....
     
  12. Dipsomaniac

    Dipsomaniac F1 Veteran

    Mar 23, 2006
    5,956
    Doha/Sydney
    Full Name:
    Derek K
    Very James Bond-ish :D
     
  13. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    doh! wrong answer. i had a feeling you weren't paying attention.
     
  14. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    cool. but maybe not if he was one of the owners. He may have had authority to sign off on the deal.

     
  15. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    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.
     
  16. krasnavian

    krasnavian Formula 3

    Dec 24, 2003
    2,187
    Los Angeles/Paris
    :)
     
  17. gday

    gday Formula 3

    Sep 10, 2004
    1,086
    CA, USA - NSW, AUS
    Full Name:
    Mick
    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
     
  18. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    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.
     
  19. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways

    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.
     
  20. gday

    gday Formula 3

    Sep 10, 2004
    1,086
    CA, USA - NSW, AUS
    Full Name:
    Mick
    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
     
  21. Skyler

    Skyler Formula 3

    May 31, 2004
    1,874
    Canada
    Full Name:
    Skyler
    HAHAHAHAHAHAAH, i havent laughed that hard in a while. Thanks!

     
  22. dbaker89

    dbaker89 Formula 3

    Sep 29, 2007
    1,230
    Reno, Nevada
    Full Name:
    Daniel
    oh my god...
     
  23. Pantera

    Pantera F1 Rookie

    Nov 6, 2004
    4,479
  24. pdisme

    pdisme Formula 3

    Oct 9, 2006
    1,036
    Tampa, Florida
    Full Name:
    Dave
    #1475 pdisme, Apr 7, 2008
    Last edited by a moderator: Sep 7, 2017

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