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Billion Dollar Scam Artists' Race Car Operation Is Up For Auction To Pay Off The Feds
Billion Dollar Scam Artists' Race Car Operation Is Up For Auction To Pay Off The Feds-October 2024
2024-02-19 EST 22:11:23

Level 5 Motorsports’ Scott Tucker and others involved in his payday lending scheme were last October by the Federal Trade Commission for deceptive practices. Tucker’s got to pay the feds off somehow, so everything seized from his race team is going to auction.

The Wisconsin-based Level 5 Motorsports team was funded largely by the ill-gotten gains of Tucker’s payday lending business, which charged illegal interest rates of to customers using misleading contracts. Level 5 was notorious for appearing to have a blank check, showing up to IMSA races with a paddock complex that rivaled some of the international LMP1 teams, and building a for SCCA club racing that was so ridiculously, insanely overbuilt for the class that it was faster than professionally-ran LMP2 cars of the same era.

Tucker’s assets, including Level 5's cars and equipment, were ordered to be forfeited in early 2016, so now that the feds have settled on a fine, it’s time to put it all up for auction. has the goods, which include everything from equipment, spares and tools to race cars themselves, including several Ferraris, Porsches and prototype racers. The auction includes 11 cars and 350 lots in total, all offered for no reserve.

Among the cars is the , which won the United Sports Car Championship’s GT Daytona class. Another Ferrari, a , only completed five shakedown laps ever, per Racer. There’s also a 2001 turbocharged, all-wheel drive built for SCCA racing that was estimated to cost $800,000 to develop. Five prototypes are in the auction, but they’re being sold as rollers that you’d need to source your own engine for separately. There’s also even a few pricey in the lot, if human-powered vehicles are your thing.

With made in December for money laundering and wire fraud, this sale of Level 5's assets is nowhere near the end of Tucker’s trouble. It’s still neat to peruse all the incredible stuff they were using, though.

, and tell us: what’s the most insane thing you can find going up for sale?

[H/T Kidsthesedays!]

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