More Darana/IHRA news (6 Viewers)

[Jim]

I agree. It's not likely Elon would agree everything is OK and drop the lawsuit.

It is no longer Elon's decision alone.

 

[Under_Pressure]

It sounds like this was basically a cost-plus contract, which is obviously ripe for abuse. I'm guessing X will want to make an example of the situation for anyone who gets similar ideas in the future.

 

[Mike]

Chris, probably not the first go round on case like this for the Musk Group

 

[Bruno]

No one is walking away from this. It may very well get bloody. Here is another twist. Should this go in favor of Musk and they prove the money was billed and spent fraudulently, that money was not Darana's to spend and people that received certain funds may be forced to repay it. It sounds crazy but it has happened. I know of a sub-contractor that was forced to pay back $150K because the money he was paid on a job (rightfully so) was from funds that were not supposed to be allocated to that. If this goes the direction I believe it will go (only speculation) this can be a big black eye for all of drag racing - not just IHRA. Already, I see local news reports about "drag racing" on the streets. Seems we are going backwards. At one point it settled into "street racing". This whole thing is way worse than anyone imagined and many very competent people - Alan, track owners, Frank Hawley, Larry Morgan and scores more- got sucked into it all like a lot of us on the sidelines did.

 

[Jim]

No one is walking away from this. It may very well get bloody. Here is another twist. Should this go in favor of Musk and they prove the money was billed and spent fraudulently, that money was not Darana's to spend and people that received certain funds may be forced to repay it. It sounds crazy but it has happened. I know of a sub-contractor that was forced to pay back $150K because the money he was paid on a job (rightfully so) was from funds that were not supposed to be allocated to that. If this goes the direction I believe it will go (only speculation) this can be a big black eye for all of drag racing - not just IHRA. Already, I see local news reports about "drag racing" on the streets. Seems we are going backwards. At one point it settled into "street racing". This whole thing is way worse than anyone imagined and many very competent people - Alan, track owners, Frank Hawley, Larry Morgan and scores more- got sucked into it all like a lot of us on the sidelines did.

If I recall correctly, some of the racers and tracks that received money from Torco had to pay it back when Evan Knoll was caught. I remember talking with at least one racer who had ordered a new chassis with money he had to give back.

 

[Mike]

Joe, cant speak for Alan or Larry but I didnt feel sucked into anything. DC made me a offer that I accepted and get paid for every race that announced. Disappointed, very much because I really thought it was going to work but sadly the train wreck hit.

 

[PJ]

How can you miss getting overcharged by that much (allegedly) for that long? Did someone at Elon's place gets fired for that lack of oversight.

I wonder if it's just a countersuit scare tactic or if there's legitimacy to it. Of course that's what the trail will tell us. It's not like all of DC's spending was done in secret. Not to say he wasn't using wrong money but pretty ballsy to rip off the world's wealthiest guy then flaunt big spending so publicly and assume you won't get caught. Hope it's not true, I would fear Elon's group gaining access to all these tracks in a settlement and we know they will not stay tracks then.

Something doesn't add up. A bunch of lawyers are going to make bank of this though.