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New York ghost cars fraud

New York ghost cars fraud

National · 2 updates

Mamdani's 'millionaire home tax' reveals New York's big 'Ghost cars' problem

New York City's proposed millionaire home tax highlights vehicle registration fraud issues. Homeowners may need to prove primary residency, revealing out-of-state vehicle registrations. This practice, known as garage fraud, helps evade insurance and taxes. Investigators found many out-of-state vehicles owe significant unpaid fines. Similar registration schemes are also occurring in Italy and France.

Zohran Mamdani's 'millionaire home tax' exposes New York's 'ghost cars' issue

New York City's proposed millionaire home tax highlights vehicle registration fraud issues. Homeowners may need to prove primary residency, revealing out-of-state vehicle discrepancies. Many vehicles with out-of-state plates owe significant unpaid traffic and parking fines. Investigators found easily obtainable fraudulent registration services online. Similar vehicle registration schemes are also present in Italy and France.