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Luxury Vehicle Ponzi Scheme

News
09 July 2018
A ponzi scheme sees hundreds of people duped into investing in a non-existent Dubai oil company to pay for high-end cars.
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How did a car dealer sell luxury vehicles to people who could never afford them? Carte Blanche investigates how one high-end car dealer had hundreds of people fooled with a bogus cash-back dealer-assist investment scheme linked to a non-existent oil company in Dubai. Now his clients have been left stranded, and in debt, to pay off these expensive vehicles.

Producer: Kate Barry

Presenter: Devi Sankaree Govender

Researcher: Laura Byrne