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VP of America’s Largest Porsche Dealer Scams Customers for $2.5 Million; Vanishes Without a Trace

VP of America’s Largest Porsche Dealer Scams Customers for $2.5 Million; Vanishes Without a Trace

https://www.topspeed.com/cars/car-news/vp-of-america-s-largest-porsche-dealer-scams-customers-for-25-million-vanishes-without-a-trace-ar182532.html

The Full Story

As of this writing, information on this story is a bit light, and primarily comes from a thread posted the the popular Porsche enthusiast forum Rennlist.

At the heart of it is Shiraaz Sookralli, the former vice president of marketing at Champion Porsche. Based out of Pompano Beach, Florida, Champion Porsche touts itself as the biggest Porsche dealer in America.

According to the lawsuit, Sookralli defrauded customers looking to snag a new 911 GT3 or GT3 RS model by first creating a shell company called “Champion Autosport,” then convinced customers to hand over deposits for the limited-edition (and highly sought-after) 911’s using a series of fake documents.

The money was then placed in a secret Bank of America account, which is now empty. Sookralli is gone as well.

Apparently, Sookralli managed to secure as much as $2.5 million in customer deposits, all of which is now missing. If true, the case could become the biggest instance of fraud in the history of Porsche Cars North America.

Meanwhile, Champion Porsche says it had no knowledge of Sookralli’s actions, although a previous lawsuit against both Champion Porsche and Sookralli outlines a similar attempt to defraud buyers, as revealed by a recent post by The Drive,
leading many to question what exactly the dealership knew and when.

Champion Porsche was in the news earlier this year when owner Devindar Maraj drowned in Boca Raton this past July,
although it’s unclear how his death might be tied to this more recent news of Sookralli’s disappearance.

Regardless, this story definitely has the potential to tarnish Porsche’s status and reputation in the U.S., as evidenced by the long list of angry posts made to Rennlist. We’ll follow up with more information when it becomes available.

Further Reading

Read our full review on the 2018 Porsche 911 GT3.

Read our full review on the 2018 Porsche 911 GT3 RS.

Read more Porsche news.

Source: Rennlist

Car News

via TopSpeed Newsletter https://www.topspeed.com/cars/ke4991.xml

September 16, 2018 at 03:49AM
https://pictures.topspeed.com/IMG/crop/201802/2018-porsche-911-gt3-rs-29.jpg

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