Friday, April 9, 2010
Edmunds.com Warns Of Escrow Scam
Santa Monica-based online auto site Edmunds.com reports this morning that it is addressing a scam which uses the firm's name to try to victimize online car shoppers. According to Edmunds.com, there is an ongoing scam which uses the site's name, logo, and likeness to direct users to a auto "escrow" service, even though the firm does not run an escrow service for car buyers. Edmunds.com said it has shut down two sites already, and is working with authorities, web hosts, and banks to put an end to the scam. The firm did not say how many users had been victimized by the scam, but directed people to talk with their banks about those transactions.