VP at U.S.'s largest Porsche dealer accused of stealing $2.5 million in deposits — autoblog.com

The dealership filed a lawsuit Sept. 7 in a Broward County, Fla. Circuit Court. It names Shiraaz Sookralli, Champion Porsche's vice president of marketing; his wife Vimla Sookralli; and the fictitious Champion Autosport, a shell fund Sookralli is alleged to have created and used to siphon off deposits, as defendants. The suit alleges that Sookralli, who had worked at the dealership for around 10 years, created a fraudulent scheme to present buyers with fake buyer deposit agreements that "failed to include any manufacturer or allocation information regarding the vehicles he was purportedly selling and contained false and fraudulent seller information." Sookralli allegedly used the bogus documents to get purchasers to believe they were purchasing Porsche vehicles that "did not exist, nor would Shiraaz place an order for the such vehicle." Instead, he created the Champion Autosport account and instructed purchasers to wire their deposit money or credit card payments directly into that account.

Read More