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The End of Farnbacher Loles

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Old 12-09-2009, 12:09 AM
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FSCCA
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Default The End of Farnbacher Loles

Another scam artist:

http://www.autoblog.com/2009/12/08/b...bezzled-funds/
Old 12-09-2009, 12:14 AM
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multi21
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Old 12-09-2009, 12:48 AM
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C.J. Ichiban
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lol enzorama
Old 12-09-2009, 08:36 AM
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Pete, nice picture of the red head. First time I ever saw this car in person was the infield at the Nurburgring ( they had 3 of them!!). It was a vintage car race with Porsche and Ferrari hospitality areas competing against each other. Back in the good old days when the money flowed out of the car companies.
Old 12-09-2009, 09:30 AM
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Old 12-09-2009, 06:07 PM
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No matter if Loles goes to jail or not he should and will BURN IN HELL. Stealing from the church is one of the if not the lowest things you can do.
Old 12-09-2009, 06:24 PM
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rmag
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Originally Posted by mdrums
Stealing from the church is one of the if not the lowest things you can do.
Stealing from racers is even lower!

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Old 12-09-2009, 06:56 PM
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Originally Posted by mdrums
No matter if Loles goes to jail or not he should and will BURN IN HELL. Stealing from the church is one of the if not the lowest things you can do.
Perhaps that was the motorsport funding source.
Old 12-09-2009, 09:49 PM
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I'm surprised that we don't hear more of these stories. The arithmetic in sports car racing just doesn't add up.
Old 12-09-2009, 10:46 PM
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I was just looking on Ebay to see if there were any FL t-shirts available...All I saw were some postcards. It's a damn shame that's for sure. I feel bad for the crew and drivers...not to mention all the customers.
Old 12-09-2009, 11:42 PM
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Guys - keep the thread on-subject, keep the language appropriate, etc.

I've been to the shop many times, Tech Tactics for Zone 1 PCA was held there, etc. Great loss of facility to the region.
Old 12-09-2009, 11:59 PM
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Would the seized property, cars, equipment etc eventually be going up for auction?
Old 12-10-2009, 12:03 AM
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There was just a big open house there a few weeks back, this is unreal to hear, my shop told me today!!! As much as I hate to see their racing program go down the tube, the guy is a CROOK and deserves it.. Not the people who got taken though, my shop today said they sold an RSR they didn't even have possession of 7 times to different people, all taking the money for this imaginary car and not even having it!
Old 12-10-2009, 12:04 AM
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As with any Government seizure... If you have your private property stored you must retain legal consul to retrieve the items. It will require extensive proof of ownership. As for company property... it will be liquidated to recoup the embezzled money.
Old 12-10-2009, 12:04 AM
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Originally Posted by 95m3racer
Would the seized property, cars, equipment etc eventually be going up for auction?
Sure. But not until he's found guilty, pleads guilt, or if he's flown the coup then it'll be a few months before they work through the nitty gritty. Didn't seem to take *that* long before the Madoff stuff was sold, and this won't be as big or take as long as that, I wouldn't think.

It's probably a little too premature to start thinking about that, but us racers probably can't help it. It's the crack we're addicted to...


--Donnie


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