The End of Farnbacher Loles

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12-15-2009, 11:08 AM

#46

993-C4S

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Quote:

Originally Posted by analogmike

Porsche has a lot to do with it when you have factory drivers and factory support on the RSRs (and cups). You build a tube frame 911 and bye bye to the support.

Wasn't the idea of a tube frame 911 for Grand-Am? Porsche's factory support (at least for FL) was for ALMS, I thought....

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12-15-2009, 11:26 AM

#47

WHB Porsche

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Quote:

Originally Posted by 993-C4S

Wasn't the idea of a tube frame 911 for Grand-Am? Porsche's factory support (at least for FL) was for ALMS, I thought....

Yes, but Porsche doesn't want a tube frame 911 at all. Zey can't pick and choose vich direktives zey comply vith - build a car zat Stuttgart doesn't vant and loose ze support.

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12-15-2009, 11:28 AM

#48

993-C4S

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Quote:

Originally Posted by WHB Porsche

Yes, but Porsche doesn't want a tube frame 911. Zey can't pick and choose vich direktives zey comply vith.

Not trying to be argumentative, but why not? If Porsche isn't supporting their Grand-Am effort... wait, never mind. mute point...

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12-15-2009, 01:09 PM

#49

Tom R.

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well the good news from all this is the F-L club race shirt I won at one of the tech sessions is now worth double what i paid for it.

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12-15-2009, 05:13 PM

#50

TrackdayRSA.

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Loles behond bars

Murphy The Bear (sportcar site) reports that "Loles now in slammer, arrested by FBI, charged with wire fraud and mail fraud."

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12-15-2009, 05:15 PM

#51

Veloce Raptor

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Quote:

Originally Posted by pickering993

Murphy The Bear (sportcar site) reports that "Loles now in slammer, arrested by FBI, charged with wire fraud and mail fraud."

http://nhregister.com/articles/2009/...5382522372.txt

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12-15-2009, 05:20 PM

#52

LoanWolf

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That didn't take long...I guess he didn't flee the country after all...although the article doesn't state where they apprehended him

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12-15-2009, 05:48 PM

#53

smlporsche

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"...Loles admitted to federal agents that he embezzled the funds, according to arrest warrant affidavit. In court documents Loles states that none of the funds are left."

Dam! that really sucks...

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12-15-2009, 05:59 PM

#54

LoanWolf

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According to the affidavit attached to the article below, Loles admitted to the FBI on Dec 9th that he embezzled funds and used them to operate his racing team and dealership!

http://nhregister.com/articles/2009/...5382522372.txt

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12-15-2009, 07:43 PM

#55

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Quote:

Originally Posted by smlporsche

"...Loles admitted to federal agents that he embezzled the funds, according to arrest warrant affidavit. In court documents Loles states that none of the funds are left (because they are all in swiss bank accounts that will never be found)."

Dam! that really sucks...

There fixed it. Remember Ivan Boesky?

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12-15-2009, 07:53 PM

#56

Cory M

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updated link:

http://www.nhregister.com/articles/2...5382522372.txt

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12-17-2009, 07:45 AM

#57

TeamDrugMoney

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Looks like the losses are possibly up to $8 Million or so.

http://dailyme.com/story/20091216000...s-federal.html

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12-17-2009, 10:41 AM

#58

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thanks for posting the updates

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12-17-2009, 10:59 AM

#59

Geoffrey

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Question?

If you're going to steal 8 million dollars, why would you ever blow it in 5 years of racing. I would think you could stretch it a lot further in many different ways.

None of this makes any sense to me and I think it is a tradgey.