 Late last year, Atlanta rapper Diamond endured some embarrassment after her brand new Camaro was repo'd while she was on set of a music video, which was caught on film and released on WorldStarHipHop.com.
Days later, she appeared in a self-filmed Youtube clip, where she is seen confronting one of the managers at the dealership where she purchased the vehicle less than 30 days prior, in an attempt to clear her name. In the clip, it seems that things got cleared up, but they didn't.
Apparently, Diamond was the victim of a scam.
In a recent report by local news stations Channel 11 ALIVE, it's revealed that the female rapper was the victim of a scam by a company who offers "creative financing", leading people to believe they are purchasing a vehicle, but in fact, are only paying money to use it, not buy it.
"It's dirty," Diamond told 11Live about her experience with Lyle Livesay -- the man seen in previously release video from Diamond where she attempted to clarify what happened -- and his company Global Assets Consolidation also known as GACMotorsInc.
The rapper entered into an agreement the company calls "closed end use" contract. She didn't own the cars she purchased, nor was she leasing them, despite paying cash up front and large monthly payments.
On Global Assets' website, the company says they take cars off of people's hands, to help save their credit by making payments, and then consigning those vehicles to other customers. That's what Diamond did, without knowing.
Now, her vehicle has been confiscated by their original owners. According to 11Alive, Diamond's vehicle was in her business manager Deborah Bryant's name, and was towed while Bryant was getting her hair done.
"We don't want anyone else to fall prey or victim to the individuals to which we're confronting," Bryant said.
The news station wasn't able to get a hold of Livesay, but they discovered he's being investigated by the FBI over another company he ran, called Mainstream Trading that sold electronics online.
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