This Guy’s Indicted For Fraud, So The Court’s Selling His Racing Cars

Want to start your own racing team? Or score some competition-grade machinery for use on private track days? You’ll want to pack your bags (full of cash) and head to Indiana next month.

That’s where Auctions America is gearing up to liquidate the entire collection of the Level 5 Motorsports racing team as its former owner prepares to stand trial for fraud.

Dedicated fans of GT racing may recognize Level 5 Motorsports for having won multiple American Le Mans Series championships and class wins at the 24 Hours of Daytona, among others. The team’s budget was allegedly fueled by its owner Scott Tucker’s other activities in the payday loan sector – fraudulent activities for which he is preparing to stand trial in just a few days time.

Indicted by federal prosecutors under RICO and TILA statues, Tucker could be facing serious jail time and enormous fines. So a court-appointed monitor is liquidating his collection of racing cars, which will be auctioned off in Auburn Spring on May 11.

There’s an array of Ferrari sports racers on the docket, including two 458 GTDs (one of which won its class at Daytona in 2014), two 430s, and a 360 Challenge. Some are estimated to be worth in excess of $200,000. But the real prizes may be the Le Mans racing prototypes: a pair of Honda HPD ARX-03s and three Lola chassis – a B1143, B1183, and B1280 – that could each go for under $100k apiece. There’s also a custom Porsche 996 Turbo SCCA racer known as the Hurricane.

And those are just the cars themselves. All told, Auctions America will sell off 350 individual lots, including spare parts, tooling, even transport trailers. The best part is that they’re all being sold with no reserve, so if bidding doesn’t get too frenzied, new owners could find some real racing deals on their hands.

Photo Gallery

  • Bo Hanan

    (looking at his collection of cars) he raises the gun to his head and pulls the trigger. Within minutes the garage storing his cars ignites and everything is consumed in the fire. The courts get nothing.
    At his funeral his wife is overheard saying: “he always did love those cars.”

    • Tumbi Mtika

      O_O

    • fabri99

      You belong to Hollywood my friend.

    • Bash

      Nice!

  • fabri99

    Poor guy. At least give him one last drive.

    • Auf Wiedersehen

      Or give him 30 years….or you know…either one. Poor scum-err I mean guy….

      • fabri99

        I was joking.

        • Auf Wiedersehen

          I know… :p)

          • fabri99

            My bad then! 😉

  • John Narvell

    They had the best set up and the always some of best looking cars in the ALMS paddock.

Citroen Won’t Give The C4 Cactus Another Chance

The name might return but the quirky crossover is not coming back, says Citroen’s product chief.

James May Thinks The Tesla Model S P100D Is The Greatest Muscle Car Ever

The Tesla Model S P100D is quick but James May isn’t impressed by its interior.

Renault And FCA Are Both Open To Restart Merger Talks

Both car makers want the merge but there’s work to be done before negotiations restart.

Does The Latest Toyota Supra Work As A Four-Door GT?

A longer wheelbase would be mandatory in order to pull off this design in the real world.

Chevy Drivers Can Now Order Pizza Using Car’s Touchscreen

Chevrolet’s Marketplace platform has added Domino’s Pizza as its latest merchant.

2020 Karma Revero GT Looks To Honor The Iconic P-51 Mustang Fighter Plane

Karma Automotive has unleashed two 2020 Revero GT models featuring aviation-inspired wraps, for goldRush Rally Eleven.

First-Ever Lotus SUV Test Mule Spotted Near Company’s HQ

This Lotus SUV prototype is wearing an old Lynk & Co 01 shell in an attempt to fool onlookers.

Lego Technic Model Previews 2020 Land Rover Defender

The new Land Rover Defender will be sold in three- and five-door forms.

All-New Ford Puma Crossover Teased Ahead Of June 26 Premiere

The 2020 Puma will slot between the EcoSport and Kuga and will be made in Romania.

Mini Shows 2020 John Cooper Works GP At The Nurburgring

The Mini John Cooper Works GP will have over 300 hp and rival the Honda Civic Type R.