Woah, saw this on Autoblog today.



According to a report by the New Haven Register, Gregory Loles – the team principal behind the Farnbacher-Loles race team and its associated performance shop – has been fingered in an embezzlement scandal involving the St. Barbara Greek Orthodox Church of Orange, Connecticut.

The church's followers raised $6.3 million to fund a new building of which Loles was in charge of managing, and the Porsche dealer and racing magnate was also reportedly administering several member's college and retirement funds, with one person claiming to have lost as much as $4 million.

The federal authorities are involved, but haven't released a statement yet. Expect all the sordid details to be revealed in the coming days, so consider this developing...

 

W O W ......... that would be very baaaad....and sad, all at the same time.

 

I don't mean to be sacrilegious, but at least they put the money into the Jesus of all car brands...

 

Next you'll be saying can I get an Amen

 

Yeah.....right off a championship.

Been sworming in the racing world for a little while now. Details aren't good, and not good for Grand-Am/ALMS.

 

lmao....


Post = WIN!

 

Damn I must spread some rep before! Post of the year. For sure.

 

Not all that surprising...the stench is finally starting to make its way above ground.

 

Whoa. Not good. One thing if it was some mom and pop P-car tuner. FB is big time.

 

No look good!!!!