Employee of Porsche Dealer MIA with $2.5m Deposits

bd307 · 09-14-2018, 03:16 PM

http://www.thedrive.com/news/23576/a...buyer-deposits

It is an unbelievable world we live in where one is already paying markup and to receive such services. Not just when one is buying a Porsche, but with other brands of various luxury products as well.

Mizh · 09-14-2018, 03:44 PM

I'm sure the dealership has some kind of insurance for this kinda thing right?

chris82 · 09-14-2018, 03:47 PM

Quote:

Originally Posted by Mizh

I'm sure the dealership has some kind of insurance for this kinda thing right?

Oh for sure, it should fall under a theft policy.

overcoil · 09-14-2018, 04:08 PM

Quote:

Originally Posted by chris82

Oh for sure, it should fall under a theft policy.

Can’t the insurance company argue champion Porsche was negligent and at least prolong any payments ?

SunnyD · 09-14-2018, 04:21 PM

Crazy thread over on RL regarding this...absolutely mindblowing that something like this could happen:

https://rennlist.com/forums/991-gt3-...sookralli.html

Alfisti · 09-14-2018, 04:25 PM

I don't see the issue here, the Dealer is on the hook and pays up. Done.

dgoldenz · 09-14-2018, 04:49 PM

The guy I bought my 991S from had Shiraaz as his "guy" at the dealer that took care of everything for him. I remembered the name from the TechArt receipts he sent me. Crazy.

overcoil · 09-14-2018, 04:59 PM

Quote:

Originally Posted by Alfisti

I don't see the issue here, the Dealer is on the hook and pays up. Done.

Exactly the dealership or Porsche N. A. hires an accounting law firm to find who is owed, and the dealership pays out.

NickyC · 09-14-2018, 09:56 PM

"With more than $2.5 million gone, it's on track to be the largest fraud case in the history of Porsche Cars North America, once the dust has settled. The scale of the fraud makes criminal charges a likely development".

Ya think?!?

RM7 · 09-14-2018, 11:09 PM

haha, Florida...

P1 · 09-15-2018, 12:08 AM

Does no one check the books in this place?

FC4 · 09-15-2018, 04:30 AM

I’ve met the guy before and chose not to associate with him because of his appearance. I’m judgemental for a reason.

Porsche will clean this up, even though it shouldn’t fall on them. The entire dealership model is broken anyway, so hopefully this results in putting things in motion...

Gangplank · 09-16-2018, 04:01 PM

Anyone else see the article about a Porsche salesman who pocketed $2.5million in deposits on the 911 GT3 & RS? Apparently he forged documents and deposited the money into a bank account.

Porsche Salesman Has Disappeared With $2.5M In Customer Deposits

https://www.dailymail.co.uk/news/art...5-million.html

BAN_M2C · 09-16-2018, 05:13 PM

Quote:

Originally Posted by Gangplank

Anyone else see the article about a Porsche salesman who pocketed $2.5million in deposits on the 911 GT3 & RS? Apparently he forged documents and deposited the money into a bank account.

Porsche Salesman Has Disappeared With $2.5M In Customer Deposits

https://www.dailymail.co.uk/news/art...5-million.html

Read it yesterday, it's crazy!

Gangplank · 09-16-2018, 08:03 PM

Quote:

Originally Posted by BAN_M2

Quote:

Originally Posted by Gangplank

Anyone else see the article about a Porsche salesman who pocketed $2.5million in deposits on the 911 GT3 & RS? Apparently he forged documents and deposited the money into a bank account.

Porsche Salesman Has Disappeared With $2.5M In Customer Deposits

https://www.dailymail.co.uk/news/art...5-million.html

Read it yesterday, it's crazy!

I know BMW has a site where you can check status correct?

2.5 million is not nearly enough to disappear for good. Just sayn.

MightyMouseTech · 09-16-2018, 08:11 PM

Quote:

Originally Posted by Gangplank

Quote:

Originally Posted by BAN_M2

Quote:

Originally Posted by Gangplank

Anyone else see the article about a Porsche salesman who pocketed $2.5million in deposits on the 911 GT3 & RS? Apparently he forged documents and deposited the money into a bank account.

Porsche Salesman Has Disappeared With $2.5M In Customer Deposits

https://www.dailymail.co.uk/news/art...5-million.html

Read it yesterday, it's crazy!

I know BMW has a site where you can check status correct?

2.5 million is not nearly enough to disappear for good. Just sayn.

I could live out my days in a Caribbean country with 2.5.

Gangplank · 09-16-2018, 08:41 PM

Quote:

Originally Posted by MightyMouseTech

I could live out my days in a Caribbean country with 2.5.

With people looking for you?

hl0m4n · 09-16-2018, 09:57 PM

behind child support for 10 kids

https://www.dailymail.co.uk/news/art...5-million.html

IanMan · 09-16-2018, 10:07 PM

Quote:

Originally Posted by Mizh

I'm sure the dealership has some kind of insurance for this kinda thing right?

Not at all. In fact, they're not treating anyone like a victim and are "claiming" to be victims themselves. They're referring everyone to their attorneys.

champignon · 09-16-2018, 10:16 PM

Quote:

Originally Posted by MightyMouseTech

I could live out my days in a Caribbean country with 2.5.

Hopefully, one that doesn't have an extradition treaty with Canada :-)

BAN_M2C · 09-16-2018, 10:22 PM

Quote:

Originally Posted by Gangplank

I know BMW has a site where you can check status correct?

2.5 million is not nearly enough to disappear for good. Just sayn.

Not sure about checking online.

For the M2 I gave my local dealer and the Orlando dealer each a certified check for 1k on the dealers name not an individual.

For the Competition I left a 1k personal check at the local dealer (still haven't cashed, they didn't even want to take it from me) and second dealer I did a 1k payment on a card.

This guy to walk with 2.5M is insane!!

Gangplank · 09-16-2018, 10:37 PM

It seems he forged documents & opened an account to put the deposits into. There is more to the story as well.

09-14-2018, 03:16 PM	#1
bd307 Chef 925 Rep 1,059 Posts Drives: Things with wheels or no wheel Join Date: Dec 2014 Location: Area 51 iTrader: (0)	Employee of Porsche Dealer MIA with $2.5m Deposits http://www.thedrive.com/news/23576/a...buyer-deposits It is an unbelievable world we live in where one is already paying markup and to receive such services. Not just when one is buying a Porsche, but with other brands of various luxury products as well.
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09-14-2018, 03:44 PM	#2
Mizh Private 11 Rep 81 Posts Drives: 2011 335i M Sport Join Date: Aug 2018 Location: Midwest iTrader: (0)	I'm sure the dealership has some kind of insurance for this kinda thing right? __________________ Here to learn!
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09-14-2018, 04:21 PM	#5
SunnyD Major 478 Rep 1,321 Posts Drives: M4 GTS Join Date: Dec 2006 Location: Long Beach, CA iTrader: (1)	Crazy thread over on RL regarding this...absolutely mindblowing that something like this could happen: https://rennlist.com/forums/991-gt3-...sookralli.html __________________ '16 ///M4 GTS '11 ///M3 E90 ZCP \| DCT '06 ///M5 \| SMG - Gone '98 ///M3 \| 5MT - Gone '07 ///M Coupe \| 6MT - Gone
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09-14-2018, 04:25 PM	#6
Alfisti Brigadier General 6996 Rep 3,309 Posts Drives: 2008 Saab 9-3 Combi Join Date: Nov 2014 Location: Toronto, Canada iTrader: (0)	I don't see the issue here, the Dealer is on the hook and pays up. Done.
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09-14-2018, 04:49 PM	#7
dgoldenz Lieutenant Colonel 2125 Rep 1,894 Posts Drives: Vanquish, FF, 392 Wrangler Join Date: Apr 2010 Location: Las Vegas iTrader: (1)	The guy I bought my 991S from had Shiraaz as his "guy" at the dealer that took care of everything for him. I remembered the name from the TechArt receipts he sent me. Crazy.
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09-14-2018, 09:56 PM	#9
NickyC Lieutenant General 19374 Rep 11,238 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	"With more than $2.5 million gone, it's on track to be the largest fraud case in the history of Porsche Cars North America, once the dust has settled. The scale of the fraud makes criminal charges a likely development". Ya think?!?
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09-14-2018, 11:09 PM	#10
RM7 Brigadier General 3049 Rep 3,654 Posts Drives: Camaro SS 1LE Join Date: May 2015 Location: Alaska iTrader: (0)	haha, Florida... __________________ Current: 2018 Camaro SS 1LE, 2023 Colorado ZR2. Former: BMW 428i Gran Coupe.
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09-15-2018, 12:08 AM	#11
P1 Lieutenant General 11737 Rep 11,191 Posts Drives: 2004 3/4 ton Duramax Join Date: Aug 2007 Location: United States iTrader: (1)	Does no one check the books in this place?
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09-15-2018, 04:30 AM	#12
FC4 Brigadier General 3209 Rep 3,659 Posts Drives: Yes Join Date: May 2014 Location: US iTrader: (0)	I’ve met the guy before and chose not to associate with him because of his appearance. I’m judgemental for a reason. Porsche will clean this up, even though it shouldn’t fall on them. The entire dealership model is broken anyway, so hopefully this results in putting things in motion...
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09-16-2018, 04:01 PM	#13
Gangplank Brigadier General 1555 Rep 3,071 Posts Drives: 2011 e82 135i n55 Sport w/ DCT Join Date: Nov 2015 Location: Vero Beach, FL iTrader: (2) Garage List 2011 135i [0.00]	Anyone else see the article about a Porsche salesman who pocketed $2.5million in deposits on the 911 GT3 & RS? Apparently he forged documents and deposited the money into a bank account. Porsche Salesman Has Disappeared With $2.5M In Customer Deposits https://www.dailymail.co.uk/news/art...5-million.html __________________ 2011 135i w/ DCT \| ZSP Sport Pkg \| PPK \| Ohlins R
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09-16-2018, 09:57 PM	#18
hl0m4n Major General 2322 Rep 5,627 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	behind child support for 10 kids https://www.dailymail.co.uk/news/art...5-million.html __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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09-16-2018, 10:37 PM	#22
Gangplank Brigadier General 1555 Rep 3,071 Posts Drives: 2011 e82 135i n55 Sport w/ DCT Join Date: Nov 2015 Location: Vero Beach, FL iTrader: (2) Garage List 2011 135i [0.00]	It seems he forged documents & opened an account to put the deposits into. There is more to the story as well. __________________ 2011 135i w/ DCT \| ZSP Sport Pkg \| PPK \| Ohlins R
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