Porsche Pleads Guilty to Scamming Customers Out of Millions in Deposits.
Sometimes, we can’t help but wonder what people are thinking. Living a life ...
Sometimes, we can’t help but wonder what people are thinking. Living a life free of theft is probably the best idea. In a situation like this, though, we can’t help but wonder how this guy possibly thought he would get away with it. At some point, someone was going to notice that their millions of dollars had gotten away or that their car didn’t show up.
How much was stolen?
The amount stolen has been estimated to lurk between $2 million and $3 million. As the story goes, Shiraaz Sookralli, the former vice president at Champion Porsche was collecting deposits for sought after models. Instead of applying the deposits toward the car of choice, he would pocket the money.
Now, Sookralli has pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud says the South Florida Sun-Sentinel. He has yet to face sentencing. However, the prison time associated with these charges comes at the price of up to 20 years.
Before joining the dealership in 2017, reports say that Sookralli had racked up $176,000 in credit card debt. After working at the dealership for just two years, that script would flip. Before long, he would be reeling in millions and didn’t hesitate to show off this newfound wealth. Reports say that Sookralli was no stranger to high-end establishments, including night clubs and restaurants.
How did he do it?
It doesn’t seem as if the effort was all that complicated. Via The Sun, “In his guilty plea, Sookralli admitted that in March 2017 he began funneling money from customer pre-orders into a bank account that he owned that mimicked those of Champion Porsche and its affiliates.”
In addition, he would use fraudulent purchase orders on the dealership’s forms. He would also create his own vehicle build sheets to keep customers waiting. When the dealership finally caught up with the scheme, they would phone Sookralli. When they asked him if he had stolen hundreds of thousands in proceeds from the dealership, his response was “More like millions.”