It's pretty sad in a way that they will “throw the book” at Knoll, yet bankers, solar panel companies, etc. that bilked BILLIONS from the American Taxpayers are still getting yearly bonuses that most of us could easily retire on. So much greed and corruption in our government.
As long as Knoll has pleaded his innocense, he now stands up and takes FULL responsibility for his actions. Personally I think that he did that because he knew that if this think went to trial, that it would rain down a hail storm on the sport of Drag Racing. What about his CPA's, accountants, employees? He couldn’t have done something of this magnitude on his own yet, suddenly he seems to be taking all of the blame.
Knoll, standing before U.S. District Judge Robert Jonker in Grand Rapids, said he devised the plan himself – fooling his employees and accountants, banks and the government. He started small but it became “like a growing mushroom. I take full responsibility. … I just want to say I’m sorry.”
He said he didn’t just double or triple refunds claims that he was eligible to receive.
“It was really out of whack,” he told the judge. “I don’t know the percentage.”
Former owner of Torco Racing Fuels pleads to $100 million fraud | MLive.com
