GT car / Salesman - Shiraaz Sookralli - Champion Porsche's VP of Marketing
09-14-2018, 11:10 PM
#781
Yeah, it's spreading like wild fire. Just got picked up on reddit.com/r/cars earlier today: https://www.reddit.com/r/cars/commen...che_dealer_in/
And also got posted to Corvette Forum as well: https://www.corvetteforum.com/forums...-deposits.html
And also got posted to Corvette Forum as well: https://www.corvetteforum.com/forums...-deposits.html
09-14-2018, 11:12 PM
#782
This is a very good point.
The perpetrator of this fraud was very aware of the weaknesses of the Champions "accounting controls." Which he easily circumvented and defrauded the company.
The question becomes - did the accounting firm who audits Champion provide Champion with the advice necessary to ensure those controls were in place?
So, the accounting firm is in a liability position. As is the bank, if they allowed the perpetrator to set up a personal account when the company expressly told the bank not to do such a thing.
The perpetrator of this fraud was very aware of the weaknesses of the Champions "accounting controls." Which he easily circumvented and defrauded the company.
The question becomes - did the accounting firm who audits Champion provide Champion with the advice necessary to ensure those controls were in place?
So, the accounting firm is in a liability position. As is the bank, if they allowed the perpetrator to set up a personal account when the company expressly told the bank not to do such a thing.
09-14-2018, 11:17 PM
#783
Track Day
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Don't forget Jalopnik and The Drive!
But yeah as much as this story hurts the car enthusiast community and P car owners specifically...probably a tiny fish to fry compared to the national/international news outlets like CNN/BBC/FOX/etc....
A 100 million dollar medicare fraud busted by the feds in Florida? Yup, that'll get national attention.
A 2.5M scheme? probably happens...more than we think. You'll see local news blips of accountants or local treasures getting busted. A local Hawaiian woman was just busted for defrauding a charity of almost 1 million dollars over many years.
Plus not to mention lot of the public may have little sympathy for the "rich" Porsche customers who got screwed over in their car buying....talk about 1st world problems. (obviously doesn't make it right at all...)
09-14-2018, 11:22 PM
#784
Rennlist Member
so at least we see more behind the curtain, always wondered who the "brokers" are and how they get access, in this case, Shiraaz is their inside man. The broker brings the mark to him for his cut, the ADM game lines their pockets and creates the problem. The dealership officially sells the car yet Shiraaz sells the car at ADM and keeps it for himself and pays the broker out of his take. Its an ugly whoring business. Who are the brokers? Is Shiraaz on the run because of civil suits, or does he owe the brokers? or did he kill Maraj? Was Marajs death an accident or foul play? Was he taken out because he confronted Sookralli or did the "brokers" need him gone so Shiraaz could continue? If Maraj knew about Sookralli why didnt he do something, did he have something on Maraj or maybe a family connection in the old country?
Liability-if Champion Porsche knew of Champion Motorsports and Sookrallis dirty dealing or should of known they have exposure, they allowed him to use their business, his standing there and the resources of Champion Porsche to continue his criminal enterprise
PCNA- they look bad because it makes the business look slimy and the GT car game is now an embarrassment, but how can they be responsible for the franchisees agent if they are never informed? solution-each harmed individual gets an allocation at dealer of their choice, PAG increases supply and cracks down for real on these games
lessons don't do business with brokers, create real relationships with good dealers who are good guys and car guys, try to see car as fun not an investment, be willing to wait and not pay to cut in line.
Im not paranoid, but you can't think too dirty in the business world
Liability-if Champion Porsche knew of Champion Motorsports and Sookrallis dirty dealing or should of known they have exposure, they allowed him to use their business, his standing there and the resources of Champion Porsche to continue his criminal enterprise
PCNA- they look bad because it makes the business look slimy and the GT car game is now an embarrassment, but how can they be responsible for the franchisees agent if they are never informed? solution-each harmed individual gets an allocation at dealer of their choice, PAG increases supply and cracks down for real on these games
lessons don't do business with brokers, create real relationships with good dealers who are good guys and car guys, try to see car as fun not an investment, be willing to wait and not pay to cut in line.
Im not paranoid, but you can't think too dirty in the business world
09-14-2018, 11:23 PM
#785
RL Community Team
Rennlist Member
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United was certainly subject to legal exposure for the incident with that doctor. Not so here with PCNA vis-a-vis Champion or Shiraaz.
09-14-2018, 11:24 PM
#786
Race Director
All the well known brokers used Shiraaz. Not naming names, but you guys know who they are. Even some other Porsche dealers ....
My time is up here. Gotta run ... nice job guys
My time is up here. Gotta run ... nice job guys
09-14-2018, 11:29 PM
#787
Three Wheelin'
Ever since this news broke out two days ago, I am surprised how silent the so called brokers have been. 
Mr. Sookralli if he indeed did this, he ran a very good "Sting" Operation. Poor victims were suckered and fooled that they are getting some nice Porsche.
Drive safe,
GT3RS-Fan1
LINK:
Mr. Sookralli if he indeed did this, he ran a very good "Sting" Operation. Poor victims were suckered and fooled that they are getting some nice Porsche.
Drive safe,
GT3RS-Fan1
LINK:
09-14-2018, 11:41 PM
#789
come on guys - nice check to him personally. I guess the Brooklyn bridge is for sake lol. He had a dummy Corp similar name and got his victim . But the dealership is responsible for their employees action. Big lawsuit coming .
09-14-2018, 11:46 PM
#791
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Yes, the incident itself was subject to legal fight and they did settle out of court (very unreliable source from what I hear is the settlement was in the 8-figure range.....but who knows).
But I should've clarified that in terms of the flight voluntary de-boarding process, there was no legal obligation for United to offer money to have people give up their seats. If you read flight contracts attached to each ticket, it says that the airline can offer up to a certain amount of money but they are legally not required to do so (under any local or federal statute.
My parallel was to STG (I think) who was saying that while PCNA has no legal obligation to make the customers whole....but it would be in their PR/moral obligation to do so. Just as United (and other air carriers) have no legal obligation to compensate passengers for voluntary de-boarding but it is in their best business/PR interest to do so.
09-14-2018, 11:47 PM
#792
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I'd imagine that some of the customers will get cars delivered from PCNA or Champion swapping allocations with other dealers now that there seems to be a glut of inventory and ADMs are dropping. Selling a new GT car still nets them a tidy profit while also making buyers feel not so slighted.
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09-14-2018, 11:49 PM
#793
I’ve known him for ten years and he’s worked on my gt cars and other 911’s. He has always been responsive and great. I just saw him a few weeks ago. Very sorry to hear about this if true, but let Shiraaz explain himself. Too bad Dave, the former owner passed away and is not around to handle this. He was a true gentlemen.
09-14-2018, 11:53 PM
#794
09-14-2018, 11:59 PM
#795
Race Director
Any saleman could pull this scam off. Just accept deposits on MSRP cars using a bank account like this guy did, and only take deposits from out-of-state buyers. The dealership would never know it was happening. Especially if the salesman was doing a lot of legit transactions.
Trying to figure out how any dealership controls would have caught something like this.
Trying to figure out how any dealership controls would have caught something like this.