Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted in a bank fraud conspiracy involving his brother, inflated inventory and unearned lines of credit. +

Point Predictive’s latest Auto Lending Fraud Trends Report finds auto finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. +

Attorney Tom Oscherwitz says generative AI-powered “deepfakes” are giving criminals new ways to defraud dealers and finance sources and spurring the development of new detection tools.+

Former Honor Finance CEO James Collins has been sentenced to four years in federal prison and restitution totaling $67 million after pleading guilty in two bank fraud cases. +