Washington State Department of Financial Institutions

Consumer Alert

www.allautotrade.com - Not Licensed To Do Business In Washington

December 14, 2007

The company advertises on the Internet, stating that it provides escrow services for the sale of automobiles. The consumer is contacted via email and told that the seller of the vehicle has chosen to use www.allautotrade.com for the transaction. The consumer is asked to send the money to the company via the website instructions "for safe keeping." The consumer is then told that the car will be delivered by an "agent" of the company for inspection and that if the consumer is not satisfied they may receive a full refund. The website no longer appears to be active.

The company is not licensed by the Washington State Department of Financial Institutions and is not listed with the Washington Secretary of State, the Departments of Licensing, or Revenue to do business in Washington.

The California State Department of Corporations issued the following "Internet Alert" regarding this company:

04/05/07 - Internet Alert - allautotrade.com
The Department of Corporations has been notified that allautotrade.com is offering escrow services over the internet and is falsely advertising at its website that it holds California Department of Corporations license 9631867. This license number belongs to Internet Escrow Services, Inc., which does hold a license from this Department. allautotrade.com, which states its head office is at 209 Varick Street, 9th Floor, New York, NY 10014, is not licensed by the California Department of Corporations and is not associated with Internet Escrow Services, Inc.

The website address for the California State Department of Corporations is http://www.corp.ca.gov

Victims should report their experiences to the Internet Fraud Complaint Center at www.ic3.gov.

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