GT car / Salesman - Shiraaz Sookralli - Champion Porsche's VP of Marketing
#691
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
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
#692
Maybe for some, but definitely not for all. At least for 25 people who got burned by this and others like myself who are getting fed up with the antics/games. Kind of tough to swallow getting pushed around on a $160-200k purchase minimum with cash in hand and having to "earn" a dealer's business at this point
Browsing Ferrari inventory right now actually just for the hell of it, first time I've done this in awhile
Browsing Ferrari inventory right now actually just for the hell of it, first time I've done this in awhile
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.
#693
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
Last edited by STG; 09-14-2018 at 07:41 PM.
#694
#695
I'm not sure you understand what accounting controls are, but this is precisely why you put good controls in place. So that there is not the opportunity for someone to do this. We don't really know much of any of the facts yet, but even the few that we do scream that very basic controls were not put in place. If they were, he would not have been able to perpetrate this type of fraud. The very reason he was able to do it without being detected was because there were no controls. Let me give you a simple example. Have two people review every single deposit/deposit contract and have at least two people not in a direct report responsibility review and sign off on any changes to any build. Additionally, keep a simple log of those build changes and make sure that at least two people have review access and approval responsibility. Most large frauds in history involved poorly designed or entirely absent controls. It's the sole reason we got SARBOX.
#697
SJW, a Carin' kinda guy
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#698
#701
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.
#704
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.
#705
Originally Posted by 993KHTO
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"