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Originally Posted by dfoster
(Post 15283559)
comm# provided. Sales agreement provided. All communication thru Champion business, email exchange etc. |
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. |
Originally Posted by Ascend
(Post 15283564)
If comm# are present, they are fine.
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Originally Posted by Ascend
If comm# are present, they are fine.
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Originally Posted by dfoster
(Post 15283569)
Not that simply. Comm# is legit but for other customers.
Originally Posted by sgroer
(Post 15283570)
Assuming it's a real, non duplicate comm#.
Dang..... now I wonder how this guy took the deposit though. |
Wow. Ok.
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1 Attachment(s)
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. Attachment 1290800 |
Now is the proper time to use the term "Stealership"
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Originally Posted by STG
(Post 15283619)
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. |
Originally Posted by STG
(Post 15283619)
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. |
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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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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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. |
Originally Posted by Cyrek
(Post 15283706)
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?
But yes, the lack of controls on Champion's behalf is quite alarming. |
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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