Former Champion Porsche VP Pleads Guilty To $3 Million Fraud Scheme Involving Non-Existent Porsche Models
It seems as if former Champion Porsche VP, Shiraaz Sookralli will be going to prison for a long time. The former Champion Porsche VP pleaded guilty for operating a fraud scheme on September 13, 2019.
Sookralli created bogus sales orders of non-existent exotic Porsche models to over 30 customers throughout the United States. Champion Porsche and federal investigator originally believed Sookralli only scammed $2.2 million from customers. However, final accounting shows the amount to be closer to $3 million.
Federal prosecutors indicted Sookralli in April. He pleaded guilty to conspiracy to commit mail fraud and wire fraud. As a result, the court has scheduled Sookralli for sentencing on November 14, 2019. He faces a maximum sentence of twenty years in prison.