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Seller & Ebay Warning

Discussion in 'Announcements' started by John C., Jul 7, 2022.

  1. John C.

    John C. Senior Member

    Joined:
    Jun 11, 2007
    Messages:
    11,536
    Occupation:
    Machinery & Equipment Appraiser
    Location:
    Northwest
    I have a client that has been burned by an internet scam and he has given me permission to spread the work on this scam.

    Yunick Motorsports, LLC is a criminal operation that purports to sell high horsepower racing and diesel engines on the internet. The fraud involves advertising on Ebay, Facebook and their own web site for high performance racing engines, high horsepower diesel engines and components used in high performance engines. There are multiple victims who can be found by doing a Google search. The owner is currently awaiting trial in Florida on a state charge of organized fraud. The scam works by generating interest with an Ebay ad showing partially assembled engines with the promise that they can be finished to specification with a factory warranty. Items have to be paid for up front. Once the wire transfer is made they stall the sale past the Ebay guarantee and then keep stalling. Then they will come back with needing more money in order to obtain the programming from the factory and beginning the warranty. The whole thing is done by email and texts. Because the fraud is committed using the internet, email and text messaging, it is defined as wire fraud which is a federal crime. The owner currently is charged under state law but we intend to try to get this filed under federal law as well.

    If anyone else has heard of or had any dealings with this company I would like to hear about. Start a private conversation with me and I can relate that to the proper authorities.

    Thank you and be careful out there. Crooks are making the web their home.
     
  2. Truck Shop

    Truck Shop Senior Member

    Joined:
    Dec 7, 2015
    Messages:
    9,954
    Occupation:
    star gazer
    Location:
    SE Washington St
    I don't think the majority of people really know what LLC stands for.
     
  3. John C.

    John C. Senior Member

    Joined:
    Jun 11, 2007
    Messages:
    11,536
    Occupation:
    Machinery & Equipment Appraiser
    Location:
    Northwest
    LLC means Limited Liability Company. It is almost the same thing as a Sub Chapter S Corporation. What that means is that business operations done within the business itself do not endanger the assets of the individual owners. If your company goes bankrupt and the creditors are lined up to take the money that is owned to them, they can't touch any of your assets like your possessions, bank accounts or securities and so on. In most cases it does not shield the owners of the company from illegal operations like fraud.

    This guy did the bankruptcy thing some years ago and one of the creditors went to the bankruptcy court and proved that the money owed was as a result of fraud and that money cannot be discharged in a bankruptcy. The bankruptcy court agreed. He just moved his operation for Georgia to Florida and started over.
     
  4. Truck Shop

    Truck Shop Senior Member

    Joined:
    Dec 7, 2015
    Messages:
    9,954
    Occupation:
    star gazer
    Location:
    SE Washington St
    I was being my usual self John, I can't repeat the slang for LLC on here. Sorry I caused you a bunch of
    typing.
     
  5. John C.

    John C. Senior Member

    Joined:
    Jun 11, 2007
    Messages:
    11,536
    Occupation:
    Machinery & Equipment Appraiser
    Location:
    Northwest
    Not a problem. Send me a PM on the slang. Maybe I can use it in some other venue.
     
  6. OzDozer

    OzDozer Senior Member

    Joined:
    Jan 18, 2007
    Messages:
    522
    Occupation:
    Semi-Retired ..
    Location:
    Perth, Western Australia.
    Operators like this usually cross the wrong type of people eventually, and they get what they deserve - if they're lucky, it's a vicious beating on a dark night by unidentifiable assailants - or sometimes, even better, it's a bullet in the head from a hit man. Some people are just straight-out oxygen thieves.
     
    d9gdon, John C. and Truck Shop like this.