Internet motor vehicle fraud suspects busted in Ontario

Chatham - Two Chatham men have been arrested in connection to fraud involving the Internet and online purchasing of motor vehicles following an investigation that began in the autumn of 2010.

According to Durham Regional Police a resident from Oshawa reported that they had replied to an Internet ad for a used pick-up truck that was featured on the Auto Trader website. Thinking that payment could be made through an Ebay escrow account the victim transferred the money with a wire transfer to an account in Chatham, Ontario. The victim believed that the transfer put a hold on the pick-up until he inspected the truck and then purchase of the vehicle. The victim's funds had however been sent to a business account that had no relationship whatsoever to Ebay. The pick-up truck was never received. The investigation lead to two fraudulent business accounts that were held by Viscorp Inc. and CK Truck Parts. These two accounts were also involved in identical fraud related activity with four other victims being defrauded in the same manner. Victims were told that the suspect was named Greg Petite who had recently been transferred to the United States. Victims were under the impression that the truck would be shipped to them at Petite's expense. The victims lost in excess of $20,000 in total. Vince Capotorto, 35, and Andrew Sergovich, 28, both of Chatham, Ontario have been charged with five counts of fraud under $5,000.