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914World.com _ 914World Garage _ Champion Porsche

Posted by: GeorgeRud Sep 14 2018, 11:59 AM

Though I don’t think it would affect most of us, it seems that there was a major scam by a salesman at Champion Porsche where he was taking big deposits for desirable cars (911R, GT3, GT4) but not actually placing the orders. He would have deposits wired to an account named Champion Autosport, and then disappear with the funds. Looks like a lot of folks got burned, and shows it’s always good to be aware and careful.

Posted by: FlacaProductions Sep 14 2018, 12:50 PM

This piece lays it all out. Wow.
http://www.thedrive.com/news/23576/a-vp-at-the-largest-porsche-dealer-in-america-just-vanished-with-2-5-million-in-buyer-deposits

Posted by: dirk2056 Sep 14 2018, 03:45 PM

QUOTE(FlacaProductions @ Sep 14 2018, 12:50 PM) *

This piece lays it all out. Wow.
http://www.thedrive.com/news/23576/a-vp-at-the-largest-porsche-dealer-in-america-just-vanished-with-2-5-million-in-buyer-deposits

WTF.gif insurance ?????

Posted by: mb911 Sep 14 2018, 03:52 PM

Crazy.. I am not at that level of buying and never will be but kind of sounds like a wolf of wall street type of thing..


The nice thing is the there are few 914 owners that work like this. I think of all the good people here that are always willing to help out.


Posted by: GeorgeRud Sep 14 2018, 05:04 PM

Assuming that Champion Porsche didn’t know of the scam, I feel bad for them as I’m sure their reputation will be damaged. Whether there is insurance for employee dishonesty is a good question to ask some insurance folks.

Posted by: carr914 Sep 14 2018, 07:23 PM

Champion was about to be acquired since Majaj died. Idon't know what happens now

Posted by: 73-914 Sep 14 2018, 07:58 PM

this is why we have 357 Magnums

Posted by: infraredcalvin Sep 14 2018, 08:09 PM

QUOTE(GeorgeRud @ Sep 14 2018, 04:04 PM) *

Assuming that Champion Porsche didn’t know of the scam, I feel bad for them as I’m sure their reputation will be damaged. Whether there is insurance for employee dishonesty is a good question to ask some insurance folks.

There’s another suit filed against the same employee - he was keeping markups for himself, Champion is also named in the suit. Ignorance is no longer an excuse, this is plain and simple mismanagement at the executive level, I hope all the buyers get their money back.

Posted by: pete000 Sep 14 2018, 11:05 PM

Sounds like a great episode for "American Greed"

Posted by: billh1963 Sep 15 2018, 03:40 AM

https://rennlist.com/forums/991-gt3-gt3rs-and-911r/1096502-gt-car-salesman-shiraaz-sookralli.html

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