More sites picking it up, dfoster started a fire, going to be a tough one to put out

https://www.topspeed.com/cars/car-news/vp-of-america-s-largest-porsche-dealer-scams-customers-for-25-million-vanishes-without-a-trace-ar182532.html

 

I hear you loud and clear. That was my deal with the .2. I don't have the money like I guess just about everyone on here so I can't build these relationships by buying a bunch of dog cars to earn a GT spot. I can give my service loyalty, buy donuts and schmooze with the best of them. That doesn't go very far in SoCal when you are competing with whales.

I was left to buy a low mileage .1 GT3. Don't get me wrong I love the car but I was ready to spec the "perfect" car, pay MSRP and then drive the **** out of it (up to 12K since 11/17). Instead we get to see all these crappy specs sitting on "good guy" lots for these premiums while the shenanigans continue with these inside deals. Honestly I hope this latest fiasco BLOWS up and all these people get called out including PCNA.

 

https://www.topspeed.com/cars/car-ne...-ar182532.html




https://www.carscoops.com/2018/09/po...s-2-5-million/


LOTS OF COVERAGE



http://www.thedrive.com/news/23576/a...buyer-deposits

https://jalopnik.com/a-rep-from-the-...ski-1829066180

 

Touche. You know what I meant. When dudes are walking into Newport Porsche and handing out Pappy, my donuts don't compete.

 

I know exactly what accounting controls are, I work with SOX controls every day. That said there are ways around them, especially from how this sounds. If the monies never even touch the dealership their controls can be kept out of play, so it wouldn't matter that you may have two people review the contracts and deposits. Shiraaz was controlling that part of the process and you can easily keep the client quiet by saying they won't see the mark-up and that part of the deposit on the contract because he's doing you a solid to save you sales tax. This didn't fall apart until he started taking more deposits than he had cars for. He was greedy before, but he controlled the situation and people got their cars. Now he got super greedy and it blew up. I can see many ways to circumvent the controls that should be in place. Now that said they were probably just basic controls that got circumvented in different ways. I have seen controls where I work take time to catch someone doing something wrong so there are ways. And the controls could be in place but not be fully utilized (which is a huge problem). They obviously need to implement stronger controls, I will agree with you there, but in this situation that's a day late and a dollar short. It's easy to look at a situation like this and say what should have been done. I can see many ways this fraud can succeed for a while. It wouldn't surprise me if the amounts he embezzled end up being over $10M.

 

Jesus, this is turning into a another value/ADM thread..... Go Rennlist!!!

 

 

This thread wouldn't exist if there were no ADMs? The whole point is the ADMs were stolen/people got taken advantage of by a POS who leveraged Champion to sell allocations he didn't have to people who really wanted the car, and had no choice but to go out of state to the "#1 volume dealer in the country"

 

 

Just posted on Instagram

 

Hope it is true (them claiming victim and no knowledge) HOWEVER it is $2.5 Million dollars. NO ONE at the dealer had ANY CLUE? The dude just lived a normal humble life and no one questioned his behavior. Hmmmmm. Can't wait for all the facts to roll out on this one. Probably won't be for years.

 

 

 

Good they'll pay back the stolen money. My guess is they turned a blind eye to Scam A where he was creaming off some of the ADMs but didn't know about Scam B where multiple deposits taken for same car which was obviously not going to go unnoticed in the end! Maybe the old man found out and got bumped off.

 

Who are the "Others who appear to have been involved in the fraud??"

Yeah, they should have been on it a LONG TIME ago, like years ago, when Shiraaz's shady fraudulent dealings were first exposed and known to Champion.





"Rampage wasn't kept a secret internally at Champion"