July 16, 2026 3:18 pm, EDT Recently, DOT partnered with DHS Border Patrol agents to enforce federal subversion laws. (Transportation Topics and Getty Images) key takeaways: Transportation Secretary Sean Duffy announced on July 16 a joint DOT and DHS investigation of 75 CDL training schools suspected of fraud. Officials said the fraud involved improper certification
A few weeks ago, Stanley Poffal of Wisconsin pleaded guilty to federal fraud charges after his Ponzi scheme was discovered. The would-be broker took millions of dollars from average investors and instead of investing said dollars, purchased snowmobiles, motorcycles, used cars, and more to satisfy his desire for a luxurious lifestyle. It all came crashing
The biggest car news and reviews, no BS Our free daily newsletter delivers the stories that really matter straight to you every weekday. California is demanding that nearly 11,000 residents retake their written driving tests after the state Department of Motor Vehicles discovered “anomalies” that suggest widespread fraud could be plaguing one of the simplest
Standret/Shutterstock The scheme is simple: You, under an assumed identity, or preferably another one with good credit, take out multiple car loans to buy multiple cars. You then sell the cars and pocket the money, while leaving your fake identity or the real person you have defrauded
A Tricolor dealership in Houston in 2025. (Mark Felix/Bloomberg) June 24, 2026 3:44 pm, EDT key takeaways: David Goodgame, the former chief operating officer of Tricolor Holdings, pleaded guilty to fraud charges in New York federal court on June 24. Banks including JPMorgan Chase, Barclays and Fifth Third suffered billions in losses following Tricolor’s bankruptcy