Learn How to Spot Document Fraud

Fraud impacts every Texas auto dealer. Potential customers show up with everything from fake IDs to counterfeit pay stubs to fabricated utility bills and much more! Now that stealing a car using a key is close to impossible, thieves have turned to “stealing” vehicles on the front end through auto financing. 

At this year's Annual Conference & 
Expo  we are bringing experts from the Houston Police Department's Vehicle Fraud unit to demonstrate how to spot these fraudulent documents. Dealers will see confiscated fraudulent documents in this hands-on presentation and learn how to make sure the person is who they say they are. Below, Darren Schlosser of the Houston Police Department provides one example of the type of warning signs dealers should be looking for.

For more great tips like these be sure to REGISTER TODAY for the Conference and check out this presentation during the Outside the Box education session in the Expo Hall! 

EXAMPLE: Fraudulent Documents

These four documents show the discrepancies between the three provided paycheck stubs and the monthly income on the credit application. The highlighted areas should be “red flags” for someone reviewing the documents prior to financing. Some tips for validating this information include:

1. The totals on the PDF do not reflect the salary he is claiming
2. The dates for the pay stubs are very inconsistent, not bi-weekly or monthly
3. Two of the checks have the same “Advice number"
4. Several different fonts are used for the name, company name and other areas. Usually, fonts are consistent on documents.

These are just some easy things to spot. Dealers must remember to pay attention to small details.
- Darren Schlosser, HPD



By: steve sullivan
On: 06/14/2018 21:16:27
So you say you are buying your house for 6 years yet pay stubs still reflect your apartment address?

Leave a comment

Commenting is restricted to members only. Please login now to submit a comment.