Across the marine industry, we are seeing a noticeable increase in fraud tied to boat purchase transactions. Online marketplaces, interstate sales, and remote closings have made buying and selling more convenient, but they have also created new opportunities for bad actors. In recent months, more buyers have reported fraudulent listings, deposit theft, title misrepresentation, and … Continue reading Boat Buying Scams: Warning Signs & Prevention
Spooky Scary Skeletons: What’s Lurking Beneath the Deck?
This Halloween, we’re not just hunting ghosts - we’re helping boat buyers and lenders avoid the skeletons hiding in plain sight. Whether it’s a sunken past, undisclosed accident damage, or a history of shady sales, vessels with a hidden history can create serious problems after purchase. And the worst part? Most of the time, you … Continue reading Spooky Scary Skeletons: What’s Lurking Beneath the Deck?
Fraud in Marine Lending
When AI Makes Fraud Look Real: Takeaways from NMLA During last month’s National Marine Lenders Association conference in Coeur d’Alene, our Director of Business Development and NMLA Board Member, Caroline Mantel, led a session on fraud in marine lending. To make the risks real, she ran a live experiment. Caroline asked ChatGPT to generate a … Continue reading Fraud in Marine Lending
Boat History Report 