InvestorsHub Logo
Followers 29
Posts 4116
Boards Moderated 0
Alias Born 11/08/2005

Re: Running1 post# 97171

Wednesday, 10/14/2015 4:55:30 PM

Wednesday, October 14, 2015 4:55:30 PM

Post# of 116863
Very easy to slip stolen vehicles through customs. Thousands of stolen vehicles go through every year.


Demand from China, Eastern Europe and the former Soviet Union has pushed the number of stolen cars shipped overseas to as many as 375,000 a year -- of 1.5 million cars stolen annually in the United States, according to the National Insurance Crime Bureau, an organization financed by insurance companies to fight vehicle theft and fraud. The number sent overseas was 200,000, said Ernest R. Zwicke, an agent with the bureau.


only a small fraction of stolen cars are recovered by the Customs Service, which has a limited force of inspectors.


That dog don't hunt either.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.