An American classic vehicle company is being investigated by state authorities for potentially swapping vehicle identification numbers (VINS), as koco reports.
The Yukon-based Classic Recreations is being suspected of operating a chop shop. In other words, the state authorities think that the company might have taken VINS from junkyard Mustangs and used them on vehicles that had a new frame, with the aim of selling the cars as classic Mustangs.
"They were presenting them as original Mustangs, when in fact, they were not," Oklahoma State Bureau of Investigation agent Gary Perkinson was quoted as saying by the aforementioned source.
The owner of the business has been willing to offer information to the authorities. He claims that he was aware of the activities performed at his shop but didn’t know that they were illegal.
According to the aforementioned source, investigators said that the company sells classic cars for a price of between $150,000 and $200,000. It is still unclear how many vehicles had been fitted with fake VINs.
"We're looking at removing VIN numbers from vehicles, which is a crime," Perkinson added. "Then you're looking at potential fraud."
Various media reports issued before the whole fraud story investigation started showing that the company built quality cars, offering a good package for those who wanted a bit of American history on wheels.
If the accusations turn out to be true, it’s such a pity that the company didn’t stick to bringing classic-inspired Mustangs to the world and decided to use a financial “shortcut”.
The Yukon-based Classic Recreations is being suspected of operating a chop shop. In other words, the state authorities think that the company might have taken VINS from junkyard Mustangs and used them on vehicles that had a new frame, with the aim of selling the cars as classic Mustangs.
"They were presenting them as original Mustangs, when in fact, they were not," Oklahoma State Bureau of Investigation agent Gary Perkinson was quoted as saying by the aforementioned source.
The owner of the business has been willing to offer information to the authorities. He claims that he was aware of the activities performed at his shop but didn’t know that they were illegal.
According to the aforementioned source, investigators said that the company sells classic cars for a price of between $150,000 and $200,000. It is still unclear how many vehicles had been fitted with fake VINs.
"We're looking at removing VIN numbers from vehicles, which is a crime," Perkinson added. "Then you're looking at potential fraud."
Various media reports issued before the whole fraud story investigation started showing that the company built quality cars, offering a good package for those who wanted a bit of American history on wheels.
If the accusations turn out to be true, it’s such a pity that the company didn’t stick to bringing classic-inspired Mustangs to the world and decided to use a financial “shortcut”.