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.

Trucker Masterfully Steers Clear Of Three-Car Collision In Australia

The impact was so fierce, the engine of the silver sedan detached and flew over the barrier.

Canadian Gets A Big Assman Decal On His Pickup – And It’s NOT What You Think

It’s actually the man’s surname, but it’s listed as one of the names banned by the Saskatchewan Government Insurance.

Top 5 Things You Need To Know About The 2019 Porsche Macan

The facelifted Macan brings enhanced styling, a new infotainment system and a revised 2.0-liter turbo four.

2019 Kia Cerato/Forte Hatch Is A Good Buy – But Can It Excite You?

The all-new Kia Cerato offers good value for money and a very decent ride, so it should be enough for most.

This Man Bought A Rolls-Royce Phantom For $80K, So How Did It Turn Out?

Instead of a brand-new Lincoln Navigator, you can get a modern Rolls – if you’re brave enough.

2019 Geneva Motor Show A-To-Z Of All New Cars And Concepts

A round up of all the production and concept cars debuting at the Geneva Motor Show.

Thank God We’ll Never See An Urus-Based Pickup Truck. Right Lambo?

Lamborghini has made an SUV, but won’t build a pickup – or at least we hope so.

Mother And Kids Almost Hit By Car Braking In The Snow

This incident in Canada could have been much worse if the car hadn’t come to a stop in time.

BMW M850i Vs. Mercedes-AMG S63 Coupe Drag Race: Davai!*

The M850i and S63 Coupe go head-to-head in Russia – and their race has a clear winner.

Climb Aboard The Fully-Working, Life-Size Lego Bugatti Chiron

Powered by 2,304 tiny motors from the Lego Power Function series, the model can hit a top speed of 12 mph.