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CNBC'S "CRIME INC #7 - GRAND THEFT AUTO" WILL PREMIERE ON THURSDAY, AUGUST 9TH

Erin Kitzie
Monday, 23 Jul 2012 | 11:54 AM ET

(ALL TIMES ARE IN ET)

Thursday, 8/9/2012:

8:00 PM CRIME INC #7 - GRAND THEFT AUTO

9:00 PM CRIME INC #7 - GRAND THEFT AUTO

12:00 AM CRIME INC #7 - GRAND THEFT AUTO

CRIME INC.:

Series takes viewers inside the biggest criminal enterprises in the world.

CRIME INC.: GRAND THEFT AUTO – Thursday, August 9

Correspondent: Carl Quintanilla

According to the FBI, it’s estimated that a car is stolen every 43 seconds in the United States. It’s no longer just about small-time crooks hot-wiring vehicles. Today’s car thieves are often part of organized crime syndicates that cost drivers and insurance companies $4 billion a year, making auto theft the second most expensive property crime in the U.S.

In this hour, Crime Inc. investigates car theft rings that operate as global enterprises, exporting stolen luxury cars to Africa, Asia, and Eastern Europe, where demand outstrips supply. Carlos Diaz, a former member of a Cuban crime cartel, tells the tricks of this illicit trade and reveals how easy it was to steal a $60,000 car right off a dealer’s lot.

Law enforcement officials show the latest state-of-the-art techniques to capture car thieves. Correspondent Carl Quintanilla is stopped in his tracks as he demonstrates GM’s OnStar stolen vehicle technology. But even automakers acknowledge it’s only a matter of time before the thieves once again outsmart them.

Viewers will also learn that the cost for auto theft can be harsher for those who’ve purchased a hot car than for the criminals who’ve stolen them. Throughout this episode of Crime Inc., one point is clear: no vehicle -- or driver -- is safe.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time financial market coverage and business information to more than 395 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and video.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/