Usacomplaints.com » Cars & Transport » Complaint / Review: Lee Dodge - JP Morgan Chase - Wachovia Bank - Americredit - Valley National - Bank banking fraud/auto brokers. #447955

Complaint / Review
Lee Dodge - JP Morgan Chase - Wachovia Bank - Americredit - Valley National
Bank banking fraud/auto brokers

Lee dodge is a auto broker, they do brokerage buisness for several dealers, they charge $1000 per deal and they will give you access to there dealer track, auto dealers can submit there deals to various banks using lee dodges dealer track, once the deal is approved, lot of these contracts have inflated down payments, lee dodge will have to buy these contracts and refund the customers down payments, lee dodge does not collect downpayments from the dealers. Lee dodge does not even see these customers, banks are exposed to fraud deals, these dealers sign up the customers at there dealership in various neighbourhoods and there represantive collects these signed customers contracts from these dealership and submits it to there banks for fundings. Lee dodge is playing with fire they are commiting banking fraud, banks are not aware of this brokerage buisness, lee dodge is making a quick buck now, time will come when they have to buy all these contracts back from these banks, very soon district attorney, ny state banking commission is going to investigate this dealer. This dealer will loose there shut when he gets caught. Good luck lee dodge.



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