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Yikes! That's a sobering story. For my part, I declare everything to SWMBO, she's like an auditor and keeps me level headed.
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Peugeot 307sw - Suzuki SV650S - MX5.
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Tis a worrying tale, it just goes to show how quickly and easily an obsession can take over other parts of your life.
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Yep, thats quite a sad tale. One minute you've just got 8 cars, then the next you're lying to everyone about the 50 you own! Very sad, i only hope that at some point his family forgives him, and lets him come back again.
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He had fifty 2002s! I wonder if any were Tourings? (my dream car is a 2002 Touring with e30 M3 drivetrain)
A lesson to everyone that is a little bit vague about the cost of their car hobby...
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My mates Dad had over 50 classics, he was hiding them from his wife all over the place. He'd even hired a disused cinema & filled it with cars.
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Davey
Posted a lot
Resident Tyre Nerd.
Posts: 2,263
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Wow, that was humbling, great find though.
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K11 Micra x3 - Mk3 astra - Seat Marbella - Mk6 Escort estate - B5 Passat - Alfa 156 estate - E36 compact
Mk2 MR2 T-bar - E46 328i - Skoda Superb - Fiat seicento - 6n2 Polo - 6n polo 1.6 - Mk1 GS300
EU8 civic type S - MG ZT cdti - R56 MINI Cooper S - Audi A3 8p - Jaguar XF (X250) - FN2 Civic Type R - Mk2 2.0i Ford Focus
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I hid the E21 shell I had from my parents... Many of us have had too many cars at one point, or bought parts for cars we can't quite afford at the time. Thankfully the thought of stealing serious amounts of money to pursue our dream cars still seems like a bad enough idea for most of us not to do what he did!
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miaspa
Part of things
Posts: 829
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What puzzles me is how come he still owes 1 million dollars in restitution plus interest.
At some point you'd have expected all the BM's plus the parts to be auctioned off but I can't find anything on google.
A lot of what's in the article stacks up, but where's the photo's of 30 cars stored up in Weld County!
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Found my flashing Pao again.
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BT
Posted a lot
Posts: 1,772
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Thanks for sharing that. It was an interesting read as to how things can spiral out of all sense of control.
I did wonder what happened to the BMWs and the parts, I also liked the last photo (not trying to spoil it for anyone who hasn't read it yet).
It seems to be a very colossal scale of hoarding. Its just insane isn't it. I get mocked at work for 8 cars and only one is in the yard at a time... Let alone 12 being parked there alone!!
Well I hope Terrance and Byron live happy lives and can move on from this. Pretty darn crazy.
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The masters of this sort of thing had to be the brothers behind The Schlumpf Collection who brought their business empire to ruin in the process of secretly hoarding hundreds of the world's most valuable automobiles;  |
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That was an extremely good read.
Not to the scale of that or using money that wasn't mine, I did buy too many cars once upon a time and blag to the ex-better half, family and friends about the costs of the vehicles and parts. The dangers of earning a good wage and having my own place with lots of storage!
Redundency and JSA put a stop to it all though.
Now that that unhappy time of my life is passed, I only own three now! ๐ ๐
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ChasR
RR Helper
motivation
Posts: 10,205
Club RR Member Number: 170
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Wow, just wow! That is quite a story!
I thought I was mad for owning 4 cars at one point! People used to say that at work! Now I am a one car man it's still painful at times!
But 50, and taking the company for that amount? Jesus! As Andrew said the hobby does sometimes have you spending what you can't afford and so on but to turn to robbery is another thing!
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bortaf
Posted a lot
Posts: 4,549
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TBH i think the embezzlement is an accountant thing and the cars were just an excuse, IE something to spend the money on rather than the other way round, mind you i could be clouded in my judgement as i've known a few people bought to bankrupsy by bent accountants, a friend of my fathers lost everything when his accountant embezzled from over 50 clients to buy boats, when he went down he had 10 boats on trailers in his back garden  I only own 5 cars at the mo, an all time low for me but i wouldn't steal to get more, he's a thief first and a collector 2nd IMHO, it was the buying he enjoyed not the vehicals, same as people with a gambling habbit are not horse fans. |
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R.I.P photobucket
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Pics or it didn't happen...
But yeah, I knew a guy like that.
Had 100's of cars.
Mostly Alfa's, Fiats, VW's, Porsche's, but I also remember a couple of Volvo's and a '60s Maserati.
He bought commercial properties that included a home, rented out the homes ( a room at a time to students )so he'd have the space for his cars rent free.
I made the mistake of trading a Type 3 VW for some early 500 parts.
He got the car, I never got the parts...
Last I heard he was locked up in a Happy Home with Trees and Flowers
And Chirping Birds and basket weavers
Who sit and smile and
Twiddle their thumbs and toes...
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rude
Part of things
Posts: 537
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It started alright but bored me to death and I speed read the last two thirds The guy is a lying moron and an ar$ehat to put his family through that. I had high expectations to see loads of pictures of warehouses full of BM's, BM wallpaper, bedsheets, pants, stuff like that.
โBMW enthusiasts are frequently programmed into an attitude that all other makes and models are inferior,โ Terrance told me over text
Although quite true this is bullcrap as well as we all know it's Audi owners that give it large about having four rings. Thanks for the post though, it gave me something to read whilst the missis was shouting at the kids upstairs... those pesky scoundrels!
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1986 Haunted BMW E24 635CSi
1999 Povo spec BMW E36 1.8i Touring Work Hack
2001 Petrol annihilating Discovery V8
2000 Jaguar S Type 3.0 V6 ~NEW~
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mcbeth
Part of things
Posts: 105 
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That article also bored me to death.....one paragraph and some pics of the hoard would have been far better.
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1995 BMลด 328I coupe
2017 BMW 218d Active Tourer
2016 MINI Cooper S
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This is well into the realms of mental illness and addiction.
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Jaguar S-Type 3.0 SE
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he's a thief first and a collector 2nd IMHO, it was the buying he enjoyed not the vehicals, same as people with a gambling habbit are not horse fans. i think you have nail on the proverbial head mate ๐ realistaclly he isnt a car collector at all as such, the car is a facilitor. As you say It is just a tool that provides the idiot, er i mean individual, with the mental stimuli of their addiction. Just as most people addicted to drink generally wont care if you give them pale ale of jaegermiester. Though they may well insist the have to have one type. Weak personality all the way. On a side note, to my former colleague who i said was obssesed with his bmw, accusation rescinded! ๐ |
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