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GT car / Salesman - Shiraaz Sookralli - Champion Porsche's VP of Marketing

 
Old 09-12-2018, 12:25 AM
  #46  
Ascend
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Originally Posted by dfoster View Post


comm# provided. Sales agreement provided. All communication thru Champion business, email exchange etc.
If comm# are present, they are fine.
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Old 09-12-2018, 12:27 AM
  #47  
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As bad as this is. It is just 80 deposits at 25k or 2 mil - something the dealer can easily eat up with their volume. No where near as bad as diesel gate at a few billion.
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Old 09-12-2018, 12:28 AM
  #48  
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Originally Posted by Ascend View Post
If comm# are present, they are fine.
Not that simply. Comm# is legit but for other customers.
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Old 09-12-2018, 12:28 AM
  #49  
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Originally Posted by Ascend
If comm# are present, they are fine.
Assuming it's a real, non duplicate comm#. There is smoke all over the internet about this in various Porsche circles. It sounds like this is not just a few people or a small amount of $$$
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Old 09-12-2018, 12:29 AM
  #50  
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Originally Posted by dfoster View Post


Not that simply. Comm# is legit but for other customers.
Originally Posted by sgroer View Post
Assuming it's a real, non duplicate comm#.

Dang..... now I wonder how this guy took the deposit though.
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Old 09-12-2018, 12:51 AM
  #51  
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Wow. Ok.

Last edited by silvertige; 09-18-2018 at 02:03 AM.
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Old 09-12-2018, 12:54 AM
  #52  
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I've heard from multiple sources that the missing deposits in question total around $2.5 million

Shiraaz Sookralli was VP of Marketing at Champion Porsche and handled all GT car sales and allocations.

He set up his own shill company called Champion Autosports and took deposits for Porsche GT car allocations through it. From all indications at this time, it seems Shiraaz Sookralli acted alone. He is now missing.

It looks as if Champion IS NOT honoring their deposits right now, but directing victims to their attorney.

I feel very sorry for the guys who were taken advantage of here. Hopefully some resolution by PCNA and the dealership in question here happens.

What a joke this whole Porsche GT car deposit thing is. Some USA dealers are probably holding a couple million $$ each in interest free $$. I wouldn't trust them with my money.

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Last edited by STG; 09-12-2018 at 09:43 AM.
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Old 09-12-2018, 01:00 AM
  #53  
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Now is the proper time to use the term "Stealership"
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Old 09-12-2018, 01:08 AM
  #54  
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Originally Posted by STG View Post
I've heard from multiple sources that the missing deposits in question total around $2.5 million

This Shiraaz Sookralli was VP of Marketing at Champion Porsche and handled all GT car sales.

He set up a shill company called Champion Autosports and took deposits through it.

I feel very sorry for the guys who were taken advantage of here. Hopefully some resolution by PCNA and the dealership in question here happens.
wow wtf
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Old 09-12-2018, 01:19 AM
  #55  
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Originally Posted by STG View Post
I've heard from multiple sources that the missing deposits in question total around $2.5 million

This Shiraaz Sookralli was VP of Marketing at Champion Porsche and handled all GT car sales.

He set up a shill company called Champion Autosports and took deposits through it.

I feel very sorry for the guys who were taken advantage of here. Hopefully some resolution by PCNA and the dealership in question here happens.
That is cra cra...
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Old 09-12-2018, 01:58 AM
  #56  
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Unbelievable. So sorry to hear about your troubles. I hope they find this despicable crook. I'd expect the dealership would want to reimburse customers out of their own coffers, even if just to restore confidence in their reputation.
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Old 09-12-2018, 01:58 AM
  #57  
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Serious liability for Champion, hard to believe they lacked controls to spot that significant of a fraud. Sorry for the guys thinking they'd get cars, but i suspect they will get all their money back.
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Old 09-12-2018, 01:59 AM
  #58  
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A Broker I’m aquatinted to told me Shriazz took a 100k on gt2rs from another dealer before going M.I.A.. Could this be a longer term Ponzi scheme as long as Porsche made new desirables and the deposits kept coming in the cars would trickle into hands, most of us are accustomed to waiting? My deal was done last October, and except for crappy service after the sale I got the car by February.
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Old 09-12-2018, 02:06 AM
  #59  
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Originally Posted by Cyrek View Post
Could this be a longer term Ponzi scheme as long as Porsche made new desirables and the deposits kept coming in the cars would trickle into hands, most of us are accustomed to waiting?
If this were the case, I suppose with the $100-150k ADM on the 2RS, the $30k ADM on the 3RS, and the $20k ADM on the GT3, now would be the perfect time to "cash out" and make a run for it.

But yes, the lack of controls on Champion's behalf is quite alarming.
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Old 09-12-2018, 02:07 AM
  #60  
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Anyone know if the alleged scheme extends beyond Shriazz? @Sgroer you seem to have some decent background, has anyone accused other SAs or does this seem isolated to him?
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