Online buyer accused of bouncing cheques in car sales
Buyer claimed to be businessman
A man has been arrested on suspicion of buying expensive cars using bad cheques then selling them on to others at knockdown prices.
Abu Dhabi prosecutors said the Syrian was detained after investigations suggested he was involved in 17 incidences of fraud, including duping several car owners.
Authorities launched an investigation after several people complained to Abu Dhabi Police that they had sold cars to the Syrian but the cheques bounced. Prosecutors said the man, in his 30s, was aware he had no money in his account when he wrote the cheques.
“After taking the cars from the owners, the man rushed to resell them to other buyers - sometimes on the same day - before the owner went to the bank to cash the cheque,” said prosecutors.
The suspect allegedly told his victims that he owned a large car rental firm in the UAE and was buying the cars to top up to his fleet.
The victims - from Abu Dhabi, Dubai and Sharjah - had advertised their cars online. In one of the cases, the suspect bought a Mercedes Benz sports car for Dhs750,000 then allegedly sold it to another person for Dhs600,000 on the same day. The seller said the suspect met him on a Thursday afternoon and paid him by cheque, which he was supposed to cash on the Sunday at which point the registration of the car would be transferred into the suspect’s name. When he went to the bank, though, he was told there wasn’t enough money in the man’s account. The victim told the police that when he tried to call the suspect the man’s phone had been switched off. Police investigations suggest the Syrian did most of his alleged deals on Thursdays. He has been referred to court, charged with fraud.