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Champion Porsche Clients Scammed out of $2.5M

Hope no one here has been ripped off:

Champion Porsche VP Vanishes with $2.5 Million in GT Sports Car Buyer Deposits - The Drive

The reason: well greed of course but dire financial situation due to child support for 10 kids.

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Old 09-14-2018, 11:54 AM
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How could he personally divert significant company funds?
Was anyone in finance watching at all?

How could the bank allow such a transfer without review or review or notice?
(Knowing the difference between the two entity owner of accounts)

Most customers would automatically think paying a check to "Champion Autosport" instead of "Champion Porsche" was the same thing.
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Meanwhile other things are still happening.

Last edited by john70t; 09-14-2018 at 12:21 PM..
Old 09-14-2018, 12:19 PM
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If you read the article, that is explained.

10 kids? Good god, man. It's a vagina, not a clown car!



Quote:
Originally Posted by john70t View Post
How could he personally divert significant company funds?
Was anyone in finance watching at all?

How could the bank allow such a transfer without review or review or notice?
(Knowing the difference between the two entity owner of accounts)

Most customers would automatically think paying a check to "Champion Autosport" instead of "Champion Porsche" was the same thing.
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Old 09-14-2018, 12:47 PM
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The price of automotive vanity just escalated.
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Old 09-14-2018, 03:10 PM
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On Rennlist there's a huge thread that's currently 49 pages in length on this. It's crazy!
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Old 09-14-2018, 03:19 PM
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https://rennlist.com/forums/991-gt3-gt3rs-and-911r/1096502-gt-car-salesman-shiraaz-sookralli.html
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Old 09-14-2018, 03:36 PM
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^^^get your popcorn and beer, it's a saga...
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Old 09-14-2018, 03:37 PM
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Well they are as culpable as him as he did it before and they were named, and wouldn’t a garnesh of his wages raise another red flag?
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Old 09-15-2018, 06:51 AM
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Does he really think:

1. He won't get caught and will get away with this?
2. $2.5 will be enough to feed 10 kids?
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Old 09-15-2018, 08:43 AM
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Quote:
Originally Posted by URY914 View Post
Does he really think:

1. He won't get caught and will get away with this?
2. $2.5 will be enough to feed 10 kids?
Depends, did he get the money out of the country? And did he take the kids with him?

Old 09-15-2018, 09:54 PM
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