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Short-lived 'con men' team owners


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#151 Redneb

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Posted 22 June 2011 - 21:29

Ray Smith ran a Group A Commodore with Denny Hulme in the New Zealand rounds of the mid-80s touring car races. It was sponsored by Goldcorp, Mr Smith's bullion exchange company. Not sure if they took the car to Australia or not.

His clients eventually found out that Mr Smith's exchange involved him exchanging their money, not for gold bullion like he promised, but for an extravagant lifestyle, including a very expensive boob job for his luscious girlfriend, Monique McFadden. Mr Smith ended up behind bars for his efforts but not before writing a self-aggrandising book about his days as a "high flier."

For some reason, Monique did not hang around for his release.

(Denny had no involvement or knowledge about the goings-on of Mr Smith, he just made sure that when he got in the car, he made up the time Mr Smith had lost during his stint.)

Edited by Redneb, 22 June 2011 - 21:30.


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#152 Formula Once

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Posted 22 June 2011 - 22:06

There was a strange but very plausible guy in Australia who convincingly claimed to be a millionaire businessmen and managed to have his "business's" name on a V8 Supercar at one stage -


Do you remember his name Terry, as there an Australian trying to do just that in Europe in the mid-nineties, but I cant seem to remember his name.

#153 Kevan

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Posted 23 June 2011 - 15:43

Ray Smith ran a Group A Commodore with Denny Hulme in the New Zealand rounds of the mid-80s touring car races. It was sponsored by Goldcorp, Mr Smith's bullion exchange company. Not sure if they took the car to Australia or not.

His clients eventually found out that Mr Smith's exchange involved him exchanging their money, not for gold bullion like he promised, but for an extravagant lifestyle, including a very expensive boob job for his luscious girlfriend, Monique McFadden. Mr Smith ended up behind bars for his efforts but not before writing a self-aggrandising book about his days as a "high flier."

For some reason, Monique did not hang around for his release.

(Denny had no involvement or knowledge about the goings-on of Mr Smith, he just made sure that when he got in the car, he made up the time Mr Smith had lost during his stint.)


Yes, they did race in Australia- at least Sandown and Bathurst in 1985. A distinctive gold & black car with AC&B (Auckland Coin & Bullion or something like that) signwriting. There's a shot of it in the pics attached to this advert: http://australianmus...-group-race-car

Edited by Kevan, 23 June 2011 - 15:44.


#154 Graham Clayton

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Posted 21 January 2013 - 03:23

J.D. Stacy's name came up again just a few years ago, connected a dodgy real estate development in Mississippi that traded on Elvis Presley's name by association with a former Presley farm and shirt tail relations of the pop icon. Stacy's development would have supposedly included 16 35-story retail/residential towers.


This was back in 2006, when Stacy unveiled a plan to develop a $517 million dollar resort at Elvis' former farm at Walls, MS. The project was to feature:
  • Go Kart racing complex
  • two hotels and a convention center,
  • 650 "luxury condominiums"
  • three wedding chapels and a number of "honeymoon cottages."
  • Elvis museum
  • two golf courses,
  • a reproduction of the White House

I also found this undated article about Stacy's dealings with the Dutch government:

http://www.joescalzo...im-Flamming.pdf

#155 Lee Nicolle

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Posted 21 January 2013 - 04:31

Yes, they did race in Australia- at least Sandown and Bathurst in 1985. A distinctive gold & black car with AC&B (Auckland Coin & Bullion or something like that) signwriting. There's a shot of it in the pics attached to this advert: http://australianmus...-group-race-car

That is the car that Graeme Crosby spent a season or so racing afterwards with moderate success. It was still painted gold inside when Croz raced it.

#156 brucemoxon

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Posted 21 January 2013 - 07:17

I'd like to know where all the Philippe family money comes from. It will probably end up being something basic but fascinating like the patent to the plastic ends on shoelaces.


They're actually called aglets.


http://en.wikipedia.org/wiki/Aglet



Today's useless information.




Bruce Moxon

#157 Stinky

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Posted 21 January 2013 - 07:55

Hi All;
Years ago at Bathurst there was a Commodore sponsored by the "Daily Planet."
No, not the paper Clark Kent used to work for or either a trendy chain of dress shops in New South Wales. :lol:
The sponsor was a VERY well known Bordello in Melbourne.
According to rumours the major sponsors resided in Griffith and were very high up in the market gardening business.
These principals were very involved in the growing of funny Tomato plants!!
Only a rumour of course. :rotfl:
It was intersting though that quite a few of the pit crew seemed to be connected to the above establishment. :clap:
Cheers.
Stinky. :lol: