Notices
Racing & Drivers Education Forum
Sponsored by:
Sponsored by:

The End of Farnbacher Loles

Old 12-09-2009, 12:09 AM
  #1  
FSCCA
Instructor
Thread Starter
 
FSCCA's Avatar
 
Join Date: Jun 2005
Posts: 117
Likes: 0
Received 0 Likes on 0 Posts
Default The End of Farnbacher Loles

Another scam artist:

http://www.autoblog.com/2009/12/08/b...bezzled-funds/
Old 12-09-2009, 12:14 AM
  #2  
multi21
Addict
Rennlist Member
 
multi21's Avatar
 
Join Date: Jul 2006
Posts: 15,938
Received 2,872 Likes on 1,709 Posts
Default

..
Attached Images  
Old 12-09-2009, 12:48 AM
  #3  
C.J. Ichiban
Platinum Dealership
Rennlist
Site Sponsor

 
C.J. Ichiban's Avatar
 
Join Date: Sep 2005
Location: Exit Row seats
Posts: 9,738
Received 1,952 Likes on 555 Posts
Default

lol enzorama
Old 12-09-2009, 08:36 AM
  #4  
bobt993
Rennlist Member
 
bobt993's Avatar
 
Join Date: Aug 2005
Location: Philly Burbs
Posts: 3,077
Received 3 Likes on 3 Posts
Default

Pete, nice picture of the red head. First time I ever saw this car in person was the infield at the Nurburgring ( they had 3 of them!!). It was a vintage car race with Porsche and Ferrari hospitality areas competing against each other. Back in the good old days when the money flowed out of the car companies.
Old 12-09-2009, 09:30 AM
  #5  
Veloce Raptor
Rennlist Member
 
Veloce Raptor's Avatar
 
Join Date: Aug 2006
Location: Guess...
Posts: 41,633
Received 1,400 Likes on 748 Posts
Talking

..

Last edited by Veloce Raptor; 01-17-2010 at 10:26 AM.
Old 12-09-2009, 06:07 PM
  #6  
mdrums
Race Director
 
mdrums's Avatar
 
Join Date: Mar 2006
Location: Tampa
Posts: 15,358
Received 179 Likes on 126 Posts
Default

No matter if Loles goes to jail or not he should and will BURN IN HELL. Stealing from the church is one of the if not the lowest things you can do.
Old 12-09-2009, 06:24 PM
  #7  
rmag
Rennlist Member
 
rmag's Avatar
 
Join Date: Jul 2005
Location: Virginia
Posts: 1,434
Received 50 Likes on 18 Posts
Default

Originally Posted by mdrums
Stealing from the church is one of the if not the lowest things you can do.
Stealing from racers is even lower!
Old 12-09-2009, 06:56 PM
  #8  
Giacomo
Pro
 
Giacomo's Avatar
 
Join Date: May 2008
Location: Woodstock, ON
Posts: 549
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by mdrums
No matter if Loles goes to jail or not he should and will BURN IN HELL. Stealing from the church is one of the if not the lowest things you can do.
Perhaps that was the motorsport funding source.
Old 12-09-2009, 09:49 PM
  #9  
Antonio
Rennlist Member
 
Antonio's Avatar
 
Join Date: Jun 2001
Location: New York
Posts: 515
Likes: 0
Received 8 Likes on 4 Posts
Default

I'm surprised that we don't hear more of these stories. The arithmetic in sports car racing just doesn't add up.
Old 12-09-2009, 10:46 PM
  #10  
bgiere
Rennlist Member
 
bgiere's Avatar
 
Join Date: Oct 2003
Location: in a racecar somewhere...
Posts: 3,344
Received 43 Likes on 35 Posts
Default

I was just looking on Ebay to see if there were any FL t-shirts available...All I saw were some postcards. It's a damn shame that's for sure. I feel bad for the crew and drivers...not to mention all the customers.
Old 12-09-2009, 11:42 PM
  #11  
RonCT
Moderator
Rennlist Member
 
RonCT's Avatar
 
Join Date: Oct 2004
Location: Connecticut
Posts: 4,993
Likes: 0
Received 10 Likes on 8 Posts
Default

Guys - keep the thread on-subject, keep the language appropriate, etc.

I've been to the shop many times, Tech Tactics for Zone 1 PCA was held there, etc. Great loss of facility to the region.
Old 12-09-2009, 11:59 PM
  #12  
95m3racer
Pro
 
95m3racer's Avatar
 
Join Date: Nov 2004
Posts: 689
Likes: 0
Received 0 Likes on 0 Posts
Default

Would the seized property, cars, equipment etc eventually be going up for auction?
Old 12-10-2009, 12:03 AM
  #13  
iLLM3
Drifting
 
iLLM3's Avatar
 
Join Date: Nov 2005
Location: NY, LI
Posts: 2,284
Received 1 Like on 1 Post
Default

There was just a big open house there a few weeks back, this is unreal to hear, my shop told me today!!! As much as I hate to see their racing program go down the tube, the guy is a CROOK and deserves it.. Not the people who got taken though, my shop today said they sold an RSR they didn't even have possession of 7 times to different people, all taking the money for this imaginary car and not even having it!
Old 12-10-2009, 12:04 AM
  #14  
CWhaley
Three Wheelin'
 
CWhaley's Avatar
 
Join Date: Jul 2009
Location: Phoenix, NY
Posts: 1,469
Likes: 0
Received 1 Like on 1 Post
Default

As with any Government seizure... If you have your private property stored you must retain legal consul to retrieve the items. It will require extensive proof of ownership. As for company property... it will be liquidated to recoup the embezzled money.
Old 12-10-2009, 12:04 AM
  #15  
djb_rh
Addict
Lifetime Rennlist
Member
 
djb_rh's Avatar
 
Join Date: Aug 2005
Location: Chapel Hill, NC
Posts: 123
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by 95m3racer
Would the seized property, cars, equipment etc eventually be going up for auction?
Sure. But not until he's found guilty, pleads guilt, or if he's flown the coup then it'll be a few months before they work through the nitty gritty. Didn't seem to take *that* long before the Madoff stuff was sold, and this won't be as big or take as long as that, I wouldn't think.

It's probably a little too premature to start thinking about that, but us racers probably can't help it. It's the crack we're addicted to...


--Donnie

Thread Tools
Search this Thread
Quick Reply: The End of Farnbacher Loles



All times are GMT -3. The time now is 11:00 PM.