Senator Schumer Warns of ‘Cash for Clunkers’ Scams


cash-for-clunkersNew York Sen. Charles Schumer is warning drivers to beware of cash for clunkers scams. The Democrat says the scams could cost them thousands of dollars, lead to identity theft and delay their getting the rebates on time. The popular program went into effect June 24 and expires Nov. 1. He says fraudulent Web sites ask consumers for personal information to register. But, he says, the real program doesn’t require registration.

Schumer is calling on the Federal Trade Commission to weed out and shut down those Web sites.

The cash for clunkers program gives consumers up to $4,500 in federal subsidies if they trade in their cars for new, more energy-efficient models.

Schumer says nearly 100,000 cars in New York City qualify for the program.

{1010 WINS-NY/ Newscenter}