Trinity Antonetty faces up to 30 years in federal prison on a single fraud count after prosecutors say she claimed to be a highline dealer in an attempt to explain a flagged check. +
Dealertrack has integrated BorrowerCheck by Point Predictive, an advanced, AI-based identity verification solution designed to counter deepfake and synthetic ID fraud. +
U.S. Attorney Jay Clayton announced bank and wire fraud charges against Tricolor’s former CEO and COO and guilty pleas for two executives who are cooperating with prosecutors. +
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. +
