The Frontstretch: BSNews: NASCAR "Official" Bilked In Ponzai Scam (And Other Stuff!) by Jeff Meyer -- Thursday July 23, 2009

Go to site navigation Go to article

BSNews: NASCAR "Official" Bilked In Ponzai Scam (And Other Stuff!)

Voices From the Heartland · Jeff Meyer · Thursday July 23, 2009

 

Daytona Beach, FL (BSNews) – Secret agents from the Florida Department of Law Enforcement searched the homes of two Florida men, claiming they bilked over 5.4 million dollars from NASCAR drivers, a police officer, and even a “top NASCAR official.”

Apparently, the men — Henri Zogaib, a driver in the NASCAR-owned Grand Am series, and Ormand Beach businessman Paul Bellanca — promised investors a 40.8% return on their investments in iron and ore products. While details are still a bit sketchy, it appears the two ran a couple of companies under the names of Executive Investment Group and Diversified Investment Group.

Officers of the FDLE say that Zogaib gained the trust of NASCAR officials through his ties in the Grand Am series. While no formal charges have yet been made in the case, and no list of the driver’s names who might have been victimized has been released, simple logical deductions by BSNews staff has Brian France as the leading candidate for the “top-ranking official” listed as a victim after we asked him to comment on the case.

“We certainly use a lot of iron and ore products in our business. Our official response however, is that ‘NASCAR is learning about the allegations as well, and we are as eager as everyone else to learn about the facts of this case,‘” he said as he randomly gestured towards a box in the corner. “Now that I think about it, I haven’t seen Henri around lately, but since he has such a nice French spelling of his name, and I am France, I’m sure he is not involved. As you know, I have been an executive for a long time and I am all for making NASCAR diversified. I’ve only just begun to look into this case myself, so I am not yet able to say anything really knowledgeable about it until we get to the bottom of it all.”

Further investigation by BSNews staff also revealed that “not too many” people felt sympathetic for “a former police officer scammed out of his life savings” in the case, and that the box in the corner that Brian so oddly gestured at during his interview was, in fact, a case of scotch.

Locked in a pissing contest with NASCAR, Jeremy Mayfield is considering changing his name according to a BSNews report.

Mayfield Considers Name Change

BSNews has learned that the embattled Jeremy Mayfield is considering a legal name change.

As part of the latest chapter in the NASCAR vs. Mayfield saga, NASCAR may be gaining an edge just by the shear drudgery of it all. On July 6th, NASCAR said that Mayfield’s latest test was positive. Mayfield, however, says that another test, taken only 40 minutes after the first at an independent lab not hired by NASCAR was negative. BSNews believes that this has all just turned in a big pissing contest.

“When you look at 15 tests since May 1st, and two have tested positive, why are they all negative for meth except two?” Mayfield asked during a recent interview. “I’ll tell ya, taking all these tests, people watching and all, it gets tiring and wears you down to the point that you just almost ‘can’t’ anymore and you want to change your name.”

Mayfield’s attorney has confirmed that the new name he is considering is Dick Trickle.

Truex to run Guitar Hero scheme at Indy

Straight from a Earnhardt Ganassi Racing press release… the number one best-selling video game, Guitar Hero, returns to the track at the Indianapolis Motor Speedway as primary sponsor of Earnhardt Ganassi Racing with Felix Sabates’ No. 1 Chevy driven by Martin Truex, Jr. This time, the popular video game franchise introduces their latest hit, Guitar Hero Smash Hits.

Ironically, BSNews has learned that Kyle Busch will also debut a similar paint job on his car at Indianapolis as well.

In an effort to apologize to legendary artist, Sam Bass, for smashing one of his works of art after a recent win in the Nationwide Series in Nashville, Busch’s entire car will be painted by the artist himself for this week’s Cup series race. The paint job reportedly will feature exact replica paintings on the hood and sides of the car of the original guitar that Busch smashed. Bass reluctantly agreed to the project only if Kyle promised to try real hard not to crash it, that he (Bass) would be given free artist reign with the job, and no changes would be made after he was done.

The result? Kyle Busch’s Toyota Camry will appear in this Sunday’s Brickyard 400, not with the familiar number 18 on the door but rather the Sam Bass guitar-adorned No. 0. The car is officially named the “Guitar Zero, Smash This!”

BSNews. Your first thought is our first name!

Stay off the wall,

Jeff Meyer

Contact Jeff Meyer

NASCAR NEWS, RIGHT TO YOUR INBOXAND IT’S FREE.
The Frontstretch Newsletter, back in 2014 gives you more of the daily news, commentary, and racing features from your favorite writers you know and love. Don’t waste another minute – click here to sign up now. We’re here to make sure you stay informed … so make sure you jump on for the ride!

Today on the Frontstretch:
NASCAR Easter Eggs: A Few Off-Week Nuggets to Chew On
Five Points To Ponder: NASCAR’s Take-A-Breath Moment
Truckin’ Thursdays: Top Five All-Time Truck Series Drivers
Going By the Numbers: A Week Without Racing Can Bring Relief But Kill Momentum
FREE NEWSLETTER! CLICK HERE TO SIGN UP

 

©2000 - 2008 Jeff Meyer and Frontstetch.com. Thanks for visiting the Frontstretch!

don mei
07/23/2009 04:11 PM
permalink

Anybody greedy enough (or dumb enough) to expect a 41% return on an investment in this age of 1.5% CDs deserves to lose .

Douglas
07/23/2009 08:47 PM
permalink

Hey don mei! There are of course an awfull lot of people that “invest” their hard earned money looking for a “good return on their investment”! (FOOLS)

Look at all the people that “invest” their money for a ticket to a NA$CRAP race!!

May not be called a “ponzi” scheme, but King Brian is cleaning out the pockets of some really, really dumb people!

 

Contact Jeff Meyer

Recent articles from Jeff Meyer:

Voices From The Cheap Seats: The Tale Of Two Tires
BSNews! Bruton’s Plans Extend Beyond Bristol’s Track
Top Ten Reasons Fans Failed To Show Up At Bristol Sunday
BSNews! NASCAR CEO Given "Special" Award Amidst Lavish Fanfare
Fan Coun-ci-What? Just What Is It That NASCAR Wants To Study?

Want to know more about Jeff Meyer or view his complete article archives? Then hop on over to his archive and bio page.