GT car / Salesman - Shiraaz Sookralli - Champion Porsche's VP of Marketing
#541
Three Wheelin'
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This is really strange. I did not know an entity can apply for a license prefixed by "APPLICATION FOR REGISTRATION OF FICTITIOUS NAME" name which is synonymous to "Doing Business As." ![EEK!](https://rennlist.com/forums/images/smilies/eek.gif)
Drive safe,
GT3RS-Fan1
LINK:
Fictitious Name
![EEK!](https://rennlist.com/forums/images/smilies/eek.gif)
Drive safe,
GT3RS-Fan1
LINK:
Fictitious Name
#542
Race Director
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Originally Posted by GT3RS-Fan1
This is really strange. I did not know an entity can apply for a license prefixed by "APPLICATION FOR REGISTRATION OF FICTITIOUS NAME" name which is synonymous to "Doing Business As." ![EEK!](https://rennlist.com/forums/images/smilies/eek.gif)
Drive safe,
GT3RS-Fan1
LINK:
Fictitious Name
![EEK!](https://rennlist.com/forums/images/smilies/eek.gif)
Drive safe,
GT3RS-Fan1
LINK:
Fictitious Name
I'm wondering what exactly that means too?? Attorneys here??
#543
Rennlist Member
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I know of two Porsche dealers that had some issues with employees scamming money from GT customers, so this is , unfortunately, not unique to champion
#544
Race Director
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Originally Posted by pitt911
I know of two Porsche dealers that had some issues with employees scamming money from GT customers, so this is , unfortunately, not unique to champion
I'm sure a lot of under the table $$ and skimmed ADM deposits have happened elsewhere too.
This Shiraaz $2.5MM +++ is a whole other level. If they know about $2.5MM, imagine how much more there is over the years they haven't found out about yet.
PCNA, are you watching??
#545
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I know of people who sell late model GT cars for over $100K to a dealer and keep the entire proceeds AT THE DEALER as deposit for a hot new GT car allocation...sometimes for a prospective GT allocation 1 year down the road! I always wondered why anyone would leave tens of thousands of dollars at a dealer earning nothing...the amounts can add up fast!! Now these sales would be harder for a shady salesman to hide but still...
#546
Burning Brakes
#547
Race Director
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http://www.thedrive.com/news/23576/a...buyer-deposits
Wow, nice job to Kyle for the amazing write up
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Last edited by STG; 09-14-2018 at 11:53 AM.
#548
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I can assure you that problems have been handled ,
and again this kind of stuff happens all the time to a varying degree
Agree with STG , that the amount of money here is very large and this is why the story is grabbing a lot of attention
one e.g: Ferrari/Ferrari dealers were rolling back odometers on some cars, so the value is not affected
and I am sure million other examples can be found
and again this kind of stuff happens all the time to a varying degree
Agree with STG , that the amount of money here is very large and this is why the story is grabbing a lot of attention
one e.g: Ferrari/Ferrari dealers were rolling back odometers on some cars, so the value is not affected
and I am sure million other examples can be found
#549
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Hi everyone, I'm a reporter with Jalopnik, and we're working on a story today about this situation. If anyone who has prior experiences with Champion and Shiraaz, we'd appreciate a chance to chat with you. If you'd like to talk, I'm available at ryan.felton at jalopnik.com. Truly appreciate your time and look forward to hearing from you.
#550
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Hi everyone, I'm a reporter with Jalopnik, and we're working on a story today about this situation. If anyone who has prior experiences with Champion and Shiraaz, we'd appreciate a chance to chat with you. If you'd like to talk, I'm available at ryan.felton at jalopnik.com. Truly appreciate your time and look forward to hearing from you.
#551
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I did a couple days ago.
Excellent, I knew you guys would be interested.
Hi everyone, I'm a reporter with Jalopnik, and we're working on a story today about this situation. If anyone who has prior experiences with Champion and Shiraaz, we'd appreciate a chance to chat with you. If you'd like to talk, I'm available at ryan.felton at jalopnik.com. Truly appreciate your time and look forward to hearing from you.
#552
Three Wheelin'
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What I think will be interesting from a purely forensic perspective is who else was being paid out of the Champion Autosport account. The transactions may have been untraceable cash but, if there is a record, we may see whether others were receiving kickbacks or otherwise profiting from the fraud. That will eventually come out but for now, my guess is that the authorities and lawyers for victims wont be saying anything during a pending investigation. They should be well ahead of looking for this guy and his wife and going through the financial details by now if victims are doing what they should be doing.
I can’t remember, I think it may have been Eduardo that talked about the dealership / Porsche relationship and how Porsche tried to deal with the ADM issue but ultimately was unable due to dealer franchise lobby and laws. I haven’t tried to search for that thread but every time people point the finger at Porsche about this matter, I think about that explanation. I can’t imagine Porsche having any culpability with this fraud. And, they can’t do anything about the ADMs that dealers place. Chatter about it otherwise isn’t helpful or constructive and folks should focus on the Sookralli.
Dan (hopes victims are made whole)
#553
Racer
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This kind of fraudulent scheme does not happen overnight, it must have taken Shiraaz at least up to a year to plan this. Do you guys really think he does not have any inside help to make this work ? Is the dealership completely blind ?
I was really hoping that CJ or Chicago whale can chime in how does the process work when a customer orders a GT car. Does it go through the sales manager and up the chain ?
Jack
I was really hoping that CJ or Chicago whale can chime in how does the process work when a customer orders a GT car. Does it go through the sales manager and up the chain ?
Jack
#554
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http://thecoastalstar.com/profiles/b...der-dave-maraj
"... Champion Porsche, which grew to be the largest-volume Porsche dealership in the world."
"... Champion Porsche, which grew to be the largest-volume Porsche dealership in the world."
#555
Three Wheelin'
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You can be certain that any insurance carrier for Champion underwriting an employee fraud policy is going to investigate for upper management collusion or negligence before writing a check for $2.5M.