There are now rumors that this was a ponzi scheme and the amount may be in the $100M range. On top of that, apparently around Saturday Greg Loles was discovered by his son attempting to commit suicide. His son, Dino, as well as his wife, Popi, both worked for FL. People who worked there are split on who knew what...some think they all knew, some swear that only Greg knew what he was into.
I'm seeing conflicting reports, however, on where Greg is. One report firmly states he is still in the hospital, and others are saying he skipped the country. No firm details on where his family is, either.
There are also a LOT of allegations being spread around about crew chiefs and other employees being "in on it" and such, but sounds like that could just be sour grapes from former employees. The most up to date news story is here:
http://www.nhregister.com/articles/2009 ... 016016.txt
But the interesting stuff is in the comments below that story. It's turning into quite the soap opera.
One thing is for sure...FL employees became enough "in the know" that something bad was fixing to happen that they did warn at least some of the regular customers who were being supported by the CT facility because those folks went and picked up cars from there as late as last week. Some of the other regular customers had already made themselves former customers in recent months because of being owed money and such, one to the tune of $200k. How a customer ends up owed $200k is beyond me, but there's a lot of talk of a LOT of customers having put deposits down on new cars that were never ordered. My guess is that with FL a "deposit" on a new car was probably the total amount of what the car cost from Porsche and you only later paid for whatever FL did to it in prep. I know they were taking orders for $80k Cayman's built on new cars (so the deposit would have been around $55k, I'd guess). They also had possession of one brand new RSR, but supposedly that was taken back by PMNA very recently. And they may have taken a few deposits on the new GS BMW's they were going to run.
Anyway, crazy stuff. Talk about "silly season."
--Donnie
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