The End of Farnbacher Loles
12-18-2009, 04:26 PM
#76
Rennlist Member
For it to be a crime the prosecution needs to prove intent. That said, at some point I expect his intention changed from loan to steal--probably about the time he realized he could never pay it all back.
Very sad. Our PCA region went through a bad time along these lines this year, albeit with MUCH smaller amounts, and it was very hard on the board and many of the members.
Very sad. Our PCA region went through a bad time along these lines this year, albeit with MUCH smaller amounts, and it was very hard on the board and many of the members.
12-18-2009, 05:00 PM
#77
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For it to be a crime the prosecution needs to prove intent. That said, at some point I expect his intention changed from loan to steal--probably about the time he realized he could never pay it all back.
Very sad. Our PCA region went through a bad time along these lines this year, albeit with MUCH smaller amounts, and it was very hard on the board and many of the members.
Very sad. Our PCA region went through a bad time along these lines this year, albeit with MUCH smaller amounts, and it was very hard on the board and many of the members.
12-18-2009, 05:17 PM
#78
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03-03-2010, 02:45 PM
#79
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From Murphythebear
Grand Larceny: Loles
United States Bankruptcy Court, District of Delaware has published the list of creditors of now-defunct Farnbacher Loles Partners, LLC, including dollar amounts for the ‘20 largest.’ Here are the ‘highlights’ of the 88 total unsecured creditors:
As reported here before, Pratt & Miller, $930,000. Others of note, Christian Zugel, $390,000; Dick (sic) Werner $120,500; Jon (sic) Tancredi $350,000; PMNA (whoops, they’ve done it again, does Solo Al ring a bell, guys?) $190,000; Christopher Lux $500,000, Michael Marsal, $175,000. Good grief, when would-be drivers want to go racing they park all their business sense at the door, don’t they?
Citibank is out a quarter million on a line of credit, and $120,000 on a credit card, of all things! Even the Porsche Club of America gave this turkey credit. He owes poor Marion for his meals, and Murphy’s friend Sylvia for his 2008 PR work (he could use a bit of that, now, couldn’t he? Even Sylvia, the best in the business, couldn’t do much with this crook). The top twenty creditors sum to the far side of $4 million.
Grand Larceny: Loles
United States Bankruptcy Court, District of Delaware has published the list of creditors of now-defunct Farnbacher Loles Partners, LLC, including dollar amounts for the ‘20 largest.’ Here are the ‘highlights’ of the 88 total unsecured creditors:
As reported here before, Pratt & Miller, $930,000. Others of note, Christian Zugel, $390,000; Dick (sic) Werner $120,500; Jon (sic) Tancredi $350,000; PMNA (whoops, they’ve done it again, does Solo Al ring a bell, guys?) $190,000; Christopher Lux $500,000, Michael Marsal, $175,000. Good grief, when would-be drivers want to go racing they park all their business sense at the door, don’t they?
Citibank is out a quarter million on a line of credit, and $120,000 on a credit card, of all things! Even the Porsche Club of America gave this turkey credit. He owes poor Marion for his meals, and Murphy’s friend Sylvia for his 2008 PR work (he could use a bit of that, now, couldn’t he? Even Sylvia, the best in the business, couldn’t do much with this crook). The top twenty creditors sum to the far side of $4 million.
03-03-2010, 04:43 PM
#81
uninformed gas bag
(contemplating on whether gas bag is one or two words)
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(contemplating on whether gas bag is one or two words)
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From Murphythebear
Grand Larceny: Loles
United States Bankruptcy Court, District of Delaware has published the list of creditors of now-defunct Farnbacher Loles Partners, LLC, including dollar amounts for the ‘20 largest.’ Here are the ‘highlights’ of the 88 total unsecured creditors:
As reported here before, Pratt & Miller, $930,000. Others of note, Christian Zugel, $390,000; Dick (sic) Werner $120,500; Jon (sic) Tancredi $350,000; PMNA (whoops, they’ve done it again, does Solo Al ring a bell, guys?) $190,000; Christopher Lux $500,000, Michael Marsal, $175,000. Good grief, when would-be drivers want to go racing they park all their business sense at the door, don’t they?
Citibank is out a quarter million on a line of credit, and $120,000 on a credit card, of all things! Even the Porsche Club of America gave this turkey credit. He owes poor Marion for his meals, and Murphy’s friend Sylvia for his 2008 PR work (he could use a bit of that, now, couldn’t he? Even Sylvia, the best in the business, couldn’t do much with this crook). The top twenty creditors sum to the far side of $4 million.
Grand Larceny: Loles
United States Bankruptcy Court, District of Delaware has published the list of creditors of now-defunct Farnbacher Loles Partners, LLC, including dollar amounts for the ‘20 largest.’ Here are the ‘highlights’ of the 88 total unsecured creditors:
As reported here before, Pratt & Miller, $930,000. Others of note, Christian Zugel, $390,000; Dick (sic) Werner $120,500; Jon (sic) Tancredi $350,000; PMNA (whoops, they’ve done it again, does Solo Al ring a bell, guys?) $190,000; Christopher Lux $500,000, Michael Marsal, $175,000. Good grief, when would-be drivers want to go racing they park all their business sense at the door, don’t they?
Citibank is out a quarter million on a line of credit, and $120,000 on a credit card, of all things! Even the Porsche Club of America gave this turkey credit. He owes poor Marion for his meals, and Murphy’s friend Sylvia for his 2008 PR work (he could use a bit of that, now, couldn’t he? Even Sylvia, the best in the business, couldn’t do much with this crook). The top twenty creditors sum to the far side of $4 million.
That's old news. What the hell did Zugel have there? Doesn't he own a couple of 917's
12-29-2010, 08:53 AM
#83
Intermediate
I happened to be reading excellence #174, June 2009, and the coverage of Sebring 2009, with Flying Lizard and Farnbacher Loles in the spotlight, when I checked Google for more information, and came across the December 2009 embezzlement story.
Does anyone know the latest? Trial? Plea? Followup? Thanks.
Does anyone know the latest? Trial? Plea? Followup? Thanks.
12-29-2010, 10:46 AM
#84
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