and car dealerships report being increasingly targeted by organized criminals seeking fraudulent car loans this year, a statement from the non-profit crime watchdog said Wednesday. "All we want from you is your information," said Linda Annis, executive director of Metro Vancouver Crime Stoppers, in a plea to fraud victims. Crime Stoppers said the financial losses arising from this type of crime drive up consumer loan costs at lending institutions and can affect an identify theft victim's credit rating. How the crime happensThe fraudsters' vehicles of choice are typically worth $80,000 or more, according to Crime Stoppers. Anyone wishing to report this type of crime can leave an anonymous tip by calling Crime Stoppers at 1-800-222-8477, or by reporting online at solvecrime.ca.

Source: CBC News October 07, 2020 19:07 UTC