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petawawarace
January 12th, 2018, 10:48pm
https://www.google.ca/amp/amp.kansascity.com/news/local/crime/article194154579.html

So the infamous Scott Tucker has been convicted on 14 counts of fraud and sentenced to 16 years in prison. His loan business was shady as fuck and generated $2B dollars. He actually has pretty close ties to CMP. His former team Level 5 Motorsports rented CMP for a couple of days and set the unofficial track record at 1:45ish I think. Basically he spent millions of dollars to build a club racer. This car would compete with Stohr, DSRs etc. Jeff and Colin Braun were the guys testing at CMP. There's even a dinner with racers segment where they talk about the whole ordeal.

DVDr
January 14th, 2018, 01:33pm
The documentary looks good. Will waste a few hours checking them out .

1Morelap
January 14th, 2018, 04:45pm
always a good listen - http://www.dinnerwithracers.com/episode-8-the-level-5-special/

44 computers - for a 13 lap race...
"what was the budget for this... giggles, there wasn't one. "

23:20 for bogie mention

petawawarace
January 14th, 2018, 08:30pm
always a good listen - http://www.dinnerwithracers.com/episode-8-the-level-5-special/

44 computers - for a 13 lap race...
"what was the budget for this... giggles, there wasn't one. "

23:20 for bogie mention

Greg, has anyone "unofficially" gone faster than a 1:47.5 since? Where any of the Race prepped Ford GTs tested at CMP?

1Morelap
January 15th, 2018, 07:58pm
Greg, has anyone "unofficially" gone faster than a 1:47.5 since? Where any of the Race prepped Ford GTs tested at CMP?No.

Yes. They were developed here.


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raggedrabbit
January 15th, 2018, 09:42pm
Greg, has anyone "unofficially" gone faster than a 1:47.5 since?

It wouldn't be very unofficial if Greg was keeping track :)

petawawarace
January 15th, 2018, 10:27pm
It wouldn't be very unofficial if Greg was keeping track :)

Lol. Unofficial as in it wasn't part of a sanctioned event.

Mario
January 15th, 2018, 10:43pm
Was it an F1? How’s 1:47 even possible?

petawawarace
January 15th, 2018, 11:06pm
D Sports Racer.

1Morelap
January 16th, 2018, 10:38am
sim, then the real vid from RA https://www.facebook.com/AutoRacingTechTips/videos/1095799087098714/

1Morelap
January 16th, 2018, 10:39am
his lap at Bogie https://www.facebook.com/AutoRacingTechTips/videos/570036733025138/

wing
January 16th, 2018, 11:39am
I bet I could break 2:09 with that

petawawarace
January 16th, 2018, 11:51am
I bet I could break 2:09 with that

stadium track?

luker
January 16th, 2018, 11:54am
stadium track?Taparep bwhahahahaha

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wing
January 16th, 2018, 11:55am
In reverse

mightymousetech
January 16th, 2018, 12:14pm
In reverse

Driving the track backwards? ;)

wing
January 16th, 2018, 12:17pm
Yes with the car in reverse :P

mikeman
January 16th, 2018, 02:29pm
inverted?

GoP-Demon
January 16th, 2018, 08:59pm
I remember listening to that dinner with racers a few times. Made me want to work for multimatic.

petawawarace
February 1st, 2018, 09:52pm
Watched the episode of Dirty Money tonight on Nertflix about Scott. Pretty well done. Well worth the watch.

97gst
February 1st, 2018, 11:23pm
Had he opened the call center on the reserve, he would have been in the clear...

Scary what can happen when wall st decides to sick the feds on you.

petawawarace
February 1st, 2018, 11:51pm
Had he opened the call center on the reserve, he would have been in the clear...

Scary what can happen when wall st decides to sick the feds on you.

yeah I dont think so. He's as slimy as they come. There might have been a few less charges, but he'd still be in jail.

FPOS
February 2nd, 2018, 06:38am
Started that episode, got as far as recognizing it is this story, saving it for some quiet time.


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faster
February 3rd, 2018, 11:32am
Just started the documentary, "All the hubbub some small internet loans"? Ummmm, yeah.

Just because it may be legal to be an asshole, doesn't mean you should act like you are beyond reproach when called on it.

FPOS
February 3rd, 2018, 05:02pm
Pretty much eh?


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runwhatyabrung
February 5th, 2018, 09:40am
Just watched it last night, amazing how Scott and his wife were unrepentant right to the end and kept on saying I am just a businessman. Then again, most crooks view their bad deeds as "business".

GoP-Demon
February 14th, 2018, 12:52pm
Dinner with racers did an episode with Scott tucker and his reasoning was that his interest rates were lower than the banks


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petawawarace
February 14th, 2018, 03:21pm
Dinner with racers did an episode with Scott tucker and his reasoning was that his interest rates were lower than the banks


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Sure his posted interest rate was lower, but they charged a renewal fee every 2 weeks, and a bunch of other shady tactics. The Dirty Money episode claimed the average $350 loan turned into over $900 by the time it was paid off in a month or two.

mikeman
February 17th, 2018, 07:12pm
Interesting watch ..

Also, googles say he was convicted in 1991 of three felony counts including mail fraud and defrauding a bank, and served a year in federal prison. But yeah, sure Scott - you didnít do anything wrong that time either.

BETTER motorsports
February 17th, 2018, 07:31pm
Watched it last night, had to shower after watching it. Anytime you have a shell company, it's pretty much a dead giveaway that something sketchy is going on.

Mind you all the banks and investment/insurance companies have their own similar shady dealings going on.

mikeman
February 17th, 2018, 07:37pm
Yeah. Lots have been caught and convicted but the US has suspended their sentences. . Obama and trump. Wonder why. .

CRXZC
February 17th, 2018, 07:40pm
He was obviously doing something sketchy but it was pretty smart and worked. He was filling a need in the market and praying on a customer base that needed the product. The product was a payday loan - intended to be for one pay day 2 week term. People sign the agreements without first understanding what theyíre signing up for.

mikeman
February 18th, 2018, 09:12am
Right because they made it as deceptive as they could. Itís not like he was offering an honest product to fill a gap in the market, there are thousands of companies in that sector. He was taking advantage of those folks and preying on their desperation.
Bottom line: He tried to skirt the law and lost.