Credit Bureau Connection’s (CBC) new fraud prevention product allows our dealership to better identify synthetic identity theft, which seems to be occurring at a higher rate than ever before. Using this new tool, one of our Galpin Motors Sales Managers was able to quickly stop the deal in its tracks and notify the compliance department of the alert. After investigating the incident and referring it to the police, it turned out that the individual was using the identity of a person who happened to share the same name. While we were able to prevent the thief from obtaining a brand new luxury vehicle, he had already obtained other luxury vehicles from local dealerships (whom I suspect were not using CBC). Fortunately, the information we provided to the police eventually led to the arrest of two individuals involved in scamming the other dealers. I would like to thank CBC for being on the cutting edge of fraud prevention and Red Flag compliance, which is why we chose CBC in the first place.
Compliance Director, Legal Affairs Dept.
Galpin Motors, Inc.