Recently, 24 Champion Porsche customers were shocked to discover that the approximately $2.5 million they had given to Champion as deposits on 911 GT3RS cars and other highly-allocated Porsche supercars was stolen — and no cars were ordered.
Actually, the problem was that they didn’t give the money to Champion Porsche, which is located in Pompano Beach, FL, but to a fraudulent entity created by its Vice President of Marketing, Shiraaz Sookralli. Thus, they were not only out their deposit Read More
When was the last time you spent Sunday morning reading the classified section of your newspaper looking for a car to buy?
Been a while? Yeah, me too.
The Internet has pretty much replaced newspapers as the central marketplace for used cars. That is understandable, as the Internet allows easy access to buyers and sellers all over the world with a few clicks of the mouse.
But the electronic pipeline also provides equally easy access to scam artists of every Read More
More than nine years ago, “Legal Files” (December 2008, p. 26) reported about the seizure of a 1957 Ferrari 250 GT Pinin Farina Series I cabriolet, chassis 0799GT, from the Sharon, CT, home of noted collector Barney Hallingby.
Hallingby got the car back after about a year, but the litigation over its ownership has just ended — or has it? With the assistance of Hallingby and his lead counsel, Denver’s Lawrence Treece, we are now able to tell the full Read More
Preston Tucker sure had big dreams. After World War II ended, he embarked on an ambitious plan to design, build and market his own car. His dreams came to fruition, and his eponymous company eventually produced 51 Tucker 48s before it went down in a financial firestorm.
Tucker’s car was identified as the Tucker Torpedo during its design and promotion phase. When the concept was finalized and ready to go into production, Tucker reportedly grew concerned about “Torpedo” reminding people Read More
Not long ago (February 2018, p. 62), “Legal Files” reported about the Ford Motor Company lawsuit against celebrity wrestler John Cena for flipping his new Ford GT.
Ford’s position is that Cena agreed to hold the GT for at least 24 months, and that his quick sale was undermining Ford’s marketing efforts.
Cena’s GT popped up again for resale, and Ford jumped on it with both feet. Ford filed emergency litigation against New Autos Inc., a Chico, CA, car dealership. Read More
Arecent decision in the United Kingdom’s High Court of Justice, Queen’s Bench Division, offers some interesting insights into the nature of the relationship between a classic-car dealer/broker and its customers. Although the case was decided under the laws of the United Kingdom, U.S. law is quite similar in this regard.
Michael Tuke is an engineer who founded a company that developed and marketed artificial hip and knee joints. The company was very successful, and he sold it in 2009 for Read More
Should we cut to the chase and just call them self-crashing cars?
Uber got a lot of unwanted attention on April 1, 2018, when one of its self-driving Volvo XC90s on a road test fatally struck a pedestrian in Tempe, AZ.
Elaine Herzberg, 49, was walking her bicycle across Mill Avenue about 10 p.m. when the Volvo, traveling a reported 38 miles per hour, struck her. Herzberg was crossing mid-block, not within a crosswalk. She was still alive when rescue Read More
It seems to be the latest craze. If you’ve ever dreamed of driving an exotic car the way it was built to perform, if you’ve ever had delusions that you could compete with a Formula One driver, or if you just think it would be a kick in the pants — you can do it affordably.
At an increasing number of racetracks around the country, you can live that high-speed dream in a Ferrari 458 Italia, Lamborghini Aventador, a Porsche Read More
James Fowler, an Orlando, FL, attorney, drove his yellow 2014 Ferrari Italia Spider to a lawyers’ meeting at the Vinoy Renaissance St. Petersburg Resort & Golf Club — a Marriott property in Florida.
He parked the Ferrari and left the keys with the valet, an employee of the parking lot operator, Seven One Seven Parking Enterprises Inc., who agreed to keep the Ferrari parked in front of the hotel. Fowler then checked into the hotel and attended the meeting.
As Read More
The Republican Party’s Christmas present to all of us was a new tax law. It made good on several promises, the most notable being President Trump’s promise to get it done before Christmas.
Ballyhooed as the most significant tax reform measure since 1986 — that it definitely is, although reasonable minds can differ about whether that is a good thing or not — it became law without a single Democrat voting for it.
There are many publications that explain the Read More