Lamborghini Dealer Takes The Money And Runs With 12 Million Dollars

Lamborghini Orange County, formerly the world’s largest dealer of the Italian luxury vehicles that sell from upwards of $200,000 apiece, closed in November without explanation. Now court documents indicate what happened.

The owners of Lamborghini Orange County in Santa Ana committed “outright theft” of approximately $12 million by selling its fleet of exotic sports cars at deep discounts and failing to pay their creditor, according to a lawsuit filed by Volkswagen Credit Inc. in Orange County Superior Court.

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commander104 - 1/13/2009 8:54:29 PM

+1 Boost

FYI: According to the extra features on the "Sicko" DVD, Norway does not extradite to the US b/c the prisons here are not up to their standards. Norway actually rehabilitates its prisoners vs US prisons where they come out as more experienced, hardened criminals.

dhkss2002 - 1/13/2009 4:57:02 PM

+2 Boost

I wonder if this dude's related to Bernie Madoff? If that's the case, we know where he'll most likely be.LOOL

Porschinator - 1/13/2009 5:17:22 PM

+1 Boost

I would go to the Bahamas or New Zealand :-)

stevenv1999 - 1/14/2009 9:42:04 AM

+1 Boost

The problem with a lot of business owners is the cash flow corrupts them. The lifestyle becomes more important then making their business viable. They are not willing to backoff from the cashflow they are accustomed to, to keep their businesses viable long-term.