Online Purchase

Scam Type

Online Purchase Scam

Date Reported

2023-03-13 00:00:00

Victim Postal Code


Total Dollars Lost


Scam Description

Website is a live auction of repossessed boats and cars. They make you create an account and then bid on items. They have upload your drivers license and state it’s for KYC “The financial institutions we are selling the assets for are requiring us to verify your identity, according to their Know Your Customer policy. Under the USA Patriot Act of 2001, the Secretary of the Treasury was required to finalize regulations before October 26, 2002, making KYC mandatory for all US banks and financial institutions.”
We won a boat for 40,300. Upon further research after they sent us wiring instructions, the pictures of the boat were stolen from a local boat for sale on boattrader.com.

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