Put a fork in Level 5 | Page 26 | FerrariChat

Put a fork in Level 5

Discussion in 'Other Racing' started by PCA Hack, Apr 4, 2012.

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  1. CornersWell

    CornersWell F1 Rookie

    Nov 24, 2004
    4,874
    That's a decent recovery. I guess ST didn't spend it all on Level5...

    CW
     
  2. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner

    Dec 1, 2000
    59,406
    Southlake, TX
    Full Name:
    Rob Lay
    Can we see a source of recovery? I just wonder how far it went, most related on FerrariChat would be Boardwalk and driver coach Ed.
     
    GuyIncognito likes this.
  3. BartonWorkman

    BartonWorkman F1 Veteran
    Sponsor

    Nov 3, 2003
    6,086
    En El 305
    Full Name:
    Barton Workman
    $505M dispersed out to 1M victims.

    Wonder what the breakdown for them is after the attorneys, which are no doubt lined up for their stake in
    the claim, get in the end.

    BHW
     
  4. johnhoughtaling

    johnhoughtaling Formula 3

    Nov 6, 2002
    2,101
    New Orleans
    Full Name:
    John William H.
    Recovery likely from US Bank not Tucker.

    What an awful human. Nothing worse than preying on the weak. The scheme he set up is nauseating to hear. Completely morally bankrupt with no remorse. He deserves to serve every day of the 16 years.


    Sent from my iPad using FerrariChat
     
  5. CarreraGT_TM

    CarreraGT_TM Rookie

    Dec 17, 2019
    4
    Aspen
    Full Name:
    Thomas
    Would you mind sharing some pictures from your time at Level 5? I've always been interested about what the inside of that warehouse must have looked like. Knowing him personally, I agree with your opinions of him. I have some pictures of the cars he had at his house if anyone would be interested.
     
    of2worlds likes this.
  6. BartonWorkman

    BartonWorkman F1 Veteran
    Sponsor

    Nov 3, 2003
    6,086
    En El 305
    Full Name:
    Barton Workman
    The thread that keeps on giving.

    Imagine how the hyenas are circling this deal.

    BHW
     
  7. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
    Silver Subscribed

    Jun 30, 2007
    91,697
    I think we all would....

    ;)
     
  8. CarreraGT_TM

    CarreraGT_TM Rookie

    Dec 17, 2019
    4
    Aspen
    Full Name:
    Thomas
    Fun guy to hang out with. He could talk about Ferrari's for days. Called FXX's a scam. Ironic. Especially given he had a 599XX and an FXX-K on order.
     
    Bas likes this.
  9. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner

    Dec 1, 2000
    59,406
    Southlake, TX
    Full Name:
    Rob Lay
    Scott was a little quiet, his brother very approachable at the SCCA races.
     
  10. apex97

    apex97 Formula Junior
    Owner Silver Subscribed

    Nov 25, 2006
    593
    Stockbridge, GA
    Full Name:
    Edward Zabinski
    Those are great shots, I never saw his 918!
     
  11. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    So his brother jumped off the Garage, and he's in the joint?

    Where is he physically now, out on appeal or locked down/
     
  12. colonels

    colonels Formula Junior

    Aug 5, 2011
    807
  13. the_stig

    the_stig F1 Rookie

    Sep 19, 2005
    3,477
    His release date is given as June 27, 2032 but he is currently listed as not being in BoP custody. I've no idea why.
    Lawyer Timothy Muir is in a private contractor run facility in PA until April 2024.
     
  14. anunakki

    anunakki Seven Time F1 World Champ
    Owner Rossa Subscribed

    Oct 8, 2005
    72,496
    Las Vegas Nevada
    Full Name:
    Jerry
    When the money to buy them is basically free, who cares if they are a scam.
     
    Bas and GuyIncognito like this.
  15. CarreraGT_TM

    CarreraGT_TM Rookie

    Dec 17, 2019
    4
    Aspen
    Full Name:
    Thomas
    Let's see some of the pictures you have. I'm sure you have plenty I've never seen.
     
  16. the_stig

    the_stig F1 Rookie

    Sep 19, 2005
    3,477
  17. Juan-Manuel Fantango

    Juan-Manuel Fantango F1 World Champ
    Rossa Subscribed

    Jan 18, 2004
    12,355
    Full Name:
    Juan
    Wow that brought strong money. But I don't recall a 599FXX selling in the past.

    Btw, why is it the gov can charge the worst interest of all on taxes due but will put payday lenders under the jail? Yeah I know these guys were crooks but just saying.
     
  18. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Normally the FXX cars were a Factory Lease, not owned??

    Im sure someone in Maranello is upset but the Feds are the Feds.
    I'll wager a street Title will be an interesting conversation at DMV.
     
  19. the_stig

    the_stig F1 Rookie

    Sep 19, 2005
    3,477
    A couple have come up over the years.

    As for the "factory lease" I thought the arrangement was that the car was purchased, included 2 years of factory support, and Ferrari retained the car in most cases to facilitate logistics.
     
    BigTex, tomgt and SAFE4NOW like this.
  20. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner

    Dec 1, 2000
    59,406
    Southlake, TX
    Full Name:
    Rob Lay
    Texas Forever likes this.

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