Uber ABC Test

SF Shooter 13 is a protected source author for Ride Safe

 

The California Supreme Court issued a ruling regarding independent contractor misclassification earlier in 2018.  The Dynamex  ruling has broad implications for the so called “gig economy”.

It was only a matter of time before Uber received the “ABC Test” in court.   California Uber drivers have challenged the independent contractor status to no avail since 2013.  The enforcement of arbitration agreements have been a huge obstacle.

Arbitration agreements will not be a factor in Uber’s first ABC Test.

Why is that? 

A competitor in the ground transportation market that employs drivers alleges Uber is misclassifying drivers as independent contractors  in order to gain an unfair competitive advantage.  Diva Limousine has retained some heavyweight law firms to litigate this case.   

The plaintiff is seeking an injunction that would force Uber to employ its drivers.

This may be the beginning of a very good change that will level the playing field and reduce traffic congestion throughout the State of California.

This will also benefit the Uber drivers with minimum wage protection, overtime and workers compensation.

How many Uber drivers in the State of California have died on duty?

Folesha Parker-Iverson was a widow with two daughters.  She was killed by a hit and run DUI driver.  The daughters of the deceased driver were left without workers comp survivor benefits.

 

Ride Safe would like to thank Diva Limousine for stepping up to the plate in defese of commercial transportation ethics.

 

Auto Loan Fraud 2.0

The concept of financing “livery vehicles” with consumer auto loans was attempted by a few men in the New York area.

On March 9, 2016 the US Attorney of Southern New York charged a group of fraudsters from New York with securing “consumer” auto loans in order to obtain a lower interest rate. How often is this scheme repeated by ridehsaring drivers and the people that lease vehicles to them?

Since “ridesharing” was legalized and promoted in California in 2013 there has been a huge rise in the level of defaults and fraud in the auto loan market.   According to an auto loan fraud experts Uber leasing networks and the black market for Chinese exports are the two main factors.

 

*How much “ridesharing risk” is the auto loan market exposed to?

*How is an industry that expands a fleet with auto loan fraud worth billions?

*How much uninsured activity is taking place?

*How much auto loan and warranty inflation has taken place because of this activity?

*When will a federal agency or private attorney general step in and stop the unfair business practice?

 

*SF shooter13 is a protected source Author for Ride Safe.

California’s “Low Man” created state sanctioned automotive loan fraud

Can-Toi, also known as “Low Men”, are vaguely humanoid creatures who feature in the Dark Tower series of novels by Stephen King who do the bidding of the evil ‘Crimson King’.

 

In the birthplace of the so called “ridesharing” industry, California, State Assemblyman, Evan Low drafted AB 828.

Though much of Low’s other legislative efforts have been very progressive and socially sound, AB 828 has introduced a profoundly corrupt element into California’s commercial transportation and loan markets.

AB 828 allowed TNC, Transportation Network Company or Rideshare Company (Uber & Lyft), vehicles to receive an exemption from registering commercially with the California Department of Motor Vehicles.

This exemption has promoted a network of corrupt dealerships, cartel drivers and automotive financiers to violate federal lending and securities laws.

 

It is Ride Safe’s belief this vast network of corruption is not exempt from federal law.

 

The interest rates for consumer auto loans are lower than the rates for livery (commercial vehicle) loans.

True personal vehicles drive an average of 12,000 miles annually.  Consumer auto loans base the depreciation using a 12,000 annual mileage rate.  In San Francisco a fully utilized taxi driving both shifts does 100,000 miles a year.

What happens when a ridesharing driver defaults of the loan or the vehicle is in an uninsured wreck?

Those losses are passed back to the “consumer” automotive loan sector.  The cost is passed on to general public via automotive loan inflation.

What happens to the investors of these defaulted “liar loans” that are bundled into investments?

Pension Funds and other investors lose money. 

Reports show an increase in the amount of defaults in automotive lending since 2013 to 2017.  What percentage of those defaults involve a ridesharing vehicles?

How would victims of this fraudulent activity be made aware?

 

SF Shooter 13 is a Ride Safe Protected Source correspondent embedded in the San Francisco commercial transportation Market.