My question involves a consumer law issue in the State of: California
Long story short, I bought a car that turned out to be stolen. I bought the car in March with a clean Carfax (which I still have, but carfax has an indemnification clause in their terms and conditions and apparently does not guarantee information), got the vehicle inspected, transferred money from my BofA account to that of the seller, and took delivery. Today the police seized the car, telling me that it was stolen and that the seller has sold this car multiple times, but I was the only one to get delivery. The car is owned by MB Financial and the seller apparently defrauded them to get the car, then set up bank accounts, etc. using false names and SSNs. My insurance company has just informed me that this 'chicanery' is not covered and the detective who came to seize the car told me that, although I am holder in due course and have payed value of consideration, had no notice of fraud, and followed the DMV recommended procedure for ensuring vehicle history, I have no legal right to the car. The CHP will only provide me with the con artist's actual information after they have filed their criminal suit and chanced are they guy will be in prison with no assets by then. I am out tens of thousands of dollars and have lost the car. Please help me decide how to proceed.
Thanks

