#30 Why auto loan fraud is rising, Riskiest types of dealerships, Novel credit repair scams, $8B “fraud” opportunity | Frank McKenna, Chief Fraud Strategist, Point Predictive
10/03/23 • 46 min
In this episode, I’m speaking with Frank McKenna, Co-Founder and Chief Fraud Strategist at Point Predictive.
This episode is brought to you in partnership with Point Predictive. You can access the free Point Predictive Auto Lending Fraud Report here.
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
(00:00) - Intro
(01:15) - Frank’s background & Why Point Predictive exists
(05:55) - The massive scale and spectrum of fraud
(12:15) - Keeping up with evolving fraud methods
(26:35) - Are independent dealers riskier than franchise dealers?
(37:33) - Preventing losses and making money
(43:07) - How COVID enabled a new cohort of fraudsters
(45:35) - Wrapping up
Follow Frank on X @frankonfraud and on LinkedIn here.
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
In this episode, I’m speaking with Frank McKenna, Co-Founder and Chief Fraud Strategist at Point Predictive.
This episode is brought to you in partnership with Point Predictive. You can access the free Point Predictive Auto Lending Fraud Report here.
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
(00:00) - Intro
(01:15) - Frank’s background & Why Point Predictive exists
(05:55) - The massive scale and spectrum of fraud
(12:15) - Keeping up with evolving fraud methods
(26:35) - Are independent dealers riskier than franchise dealers?
(37:33) - Preventing losses and making money
(43:07) - How COVID enabled a new cohort of fraudsters
(45:35) - Wrapping up
Follow Frank on X @frankonfraud and on LinkedIn here.
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
Previous Episode
#29 Secrets to selling exotic cars, Rise of rich crypto buyers, Profits in the exotic business, Selling a company for millions | Jason Putnam, Co-Founder, Tactical Fleet
In this episode, I'm speaking with Jason Putnam, Co-Founder & Managing Partner at Tactical Fleet.
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
00:00 - Intro
01:00 - Jason's background
05:35 - Attracting exotic clients
11:45 - Selling to Sonic Automotive
14:15 - Unit Economics
25:00 - Scaling, customer profiles, internet money
35:52 - The best "deals" in exotic right now
38:15 - Macro forecast, wrapping up
Follow Jason on LinkedIn and check out Tactical Fleet's website.
Check out the website for more and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
Next Episode
#31 Used car auction frenzy, Stumbling upon million-dollar classics, UAW & bankruptcy risk for car companies | John Clay Wolfe, Founder & President @ GiveMeTheVin
In this episode, I'm speaking with John Clay Wolfe, Founder of GivemetheVIN.com.
You can check out the full story of John's historic barn find and see the cars they got ahold of here.
Interested in advertising with CarDealershipGuy? Drop us a line here.
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:01:33) - John’s early career in media and auto
(00:07:17) - How John's radio career impacted his wholesaling business
(00:08:52) - Starting GivemetheVIN.com
(00:11:05) - Where John sources cars
(00:13:26) - Acquiring a barn full of classic vehicles
(00:25:57) - John’s take on the UAW strikes
(00:35:01) - What car John would recommend buying right now
(00:36:04) - John's focus for the next 3-6 months
(00:38:55) - Thoughts on the future of vehicle wholesaling
(00:41:34) - Why Carmax is the best
(00:43:13) - How to reach John
(00:44:58) - Closing thoughts
You can check out John's radio show here and GivemetheVIN here.
Check out the website for me and follow me on X @GuyDealership!
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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