| Re: Rebuttal and then some | <– Date –> <– Thread –> |
From: bks281@hotmail.com (bks281 hotmail.com)
|
|
| Date: Fri, 21 Oct 2011 15:05:48 -0700 (PDT) | |
"Blood" might be a poor choice of words Gary! ;-)
Sent from my cool new HTC phone!
----- Reply message -----
From: "Gary Reed" <gary [at] garyreedsales.com>
Date: Fri, Oct 21, 2011 2:55 pm
Subject: [Ferrari] Rebuttal and then some
To: "Brian Keegan" <bks281 [at] hotmail.com>
Cc: <ferrari [at] ferrarilist.com>
The same topic has also popped up in the Vintage forum at FerrariChat.com
under the thread title "Chassis # 2639," courtesy of Mr. Douglas Le Grand.
http://ferrarichat.com/forum/showthread.php?t=341826
I posted the FerrariList registration info there, so maybe we'll get some new blood in here,
out of all of this.
Gary
----- Original Message -----
From: Steve Jenkins
To: Gary Reed
Cc: ferrari [at] ferrarilist.com
Sent: Friday, October 21, 2011 2:26 PM
Subject: Re: [Ferrari] Rebuttal and then some
I actually WAS thinking that a few minutes ago, Phil! J
SJ
From: Phil Tegtmeier [mailto:philville [at] windstream.net]
Sent: Friday, October 21, 2011 11:14 AM
To: Steve Jenkins
Cc: Phil Tegtmeier; ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] Rebuttal and then some
One thing that we can thank Doug for, is that I have not seen this level of traffic and input from the list for quite a while, you gotta love that.
Phil
On Oct 21, 2011, at 1:51 PM, Steve Jenkins wrote:
Hi, Doug. I'm replying publicly because I asked my questions publicly, and I have no desire to continue this conversation with you, privately or otherwise.
Concerning my two specific questions and your two specific answers:
1)
You have delivered your rebuttal. It is therefore now incumbent upon you to discontinue further rebuttal until such time as Sheehan replies to it. If he does not (and I really hope he does not), then that part of this conversation is over.
2)
You have achieved this goal. There exists no one within the sound of this email who is unaware your opinion. We are 100% informed, and as your Masters Degree in Economics certainly taught you, you cannot exceed 100%, and therefore no further discussion on your part is required in achieving this goal.
Therefore, I'd like to request that you cease further comment on this issue.
Thanks,
SteveJ
From: Douglas Le Grand [mailto:gemologist007 [at] yahoo.com]
Sent: Friday, October 21, 2011 10:02 AM
To: Steve Jenkins
Subject: Re: Rebuttal
Dear Sir
1. This a rebuttal to Mike Sheehan's attack of my being new to the business, so obviously I am wrong.
2. Make people aware of the secret business behind high end ferrari brokers, that in fact most wealthy people do not want to made aware of the fact that they have been cheated. This attitude allows dishonest brokers to feed on the very people believing in the principals of Enzo Ferrari and the Ferrari Marque. Mike S. has a history going back many years of taking wealthy people for their money and sneaking off to do it again. The fact is he is caught time after time, taken to court and made to pay back what he owes. He owes a group of 6 brokers for the work they did in securing the car. InternetInformation System at work. This is still a free country, dishonest people still go to jail. If I had not brought this up, no one would be wiser to Mike S. True or not?
Douglas S. Le Grand
Legrand LLC
Alternative Investments
San Diego, CA 92111
858-380-6389
From: Steve Jenkins <steve [at] stevejenkins.com>
To: 'Douglas Le Grand' <gemologist007 [at] yahoo.com>
Cc: ferrari [at] ferrarilist.com
Sent: Friday, October 21, 2011 9:25 AM
Subject: RE: [Pictures that I emailed to Mike S one week before his purchasingof Chassis 2639
Doug:
Two questions:
1)
What's the point of this (your most recent) message?
2)
What is your overall goal at continuing this conversation?
Thanks,
SteveJ
From: Douglas Le Grand [mailto:gemologist007 [at] yahoo.com]
Sent: Friday, October 21, 2011 8:45 AM
To: BrianBuxton [at] BuxtonMotorsports.com
Cc: michaela [at] thecarexperience.com; ferrari-owner [at] ferrarilist.com; ferrari [at] ferrarilist.com; redlinerestoration [at] yahoo.com; sales [at] cooperclassiccars.com; ferrari-request [at] ferrarilist.com
Subject: Re: [Pictures that I emailed to Mike S one week before his purchasingof Chassis 2639
Notice in the picture, this is not Mike S, but Donald S. I am only reporting the facts. Something I learned while earning my Masters Degree in Economics.
Here is the result ..,.
LOS ANGELES. -- Former top Ferrari broker Michael Sheehan never thought he would find himself in the kind of legal troubles he is in today.
The man who peddled the most expensive vintage Ferrari ever sold -- a classic GTO at $13.75 million -- placed his Costa Mesa company, European Auto Sales and Restoration Inc., into bankruptcy last March.
Meanwhile, two civil fraud lawsuits against him are pending, and he has yet to settle another one.
Sheehan's legal troubles began after global Ferrari prices surged in the late 1980s, then crashed in the early 1990s.
After the market collapse, several wealthy ear collectors claimed heavy financial damages; they alleged they had been cheated.
Criminal complaints were filed, and Sheehan's house was raided by police in the course of the investigation.
Sheehan, 47, denies the allegations. "It was totally unethical," he said. "It was totally immoral. They lied, they lied."
One case involved Japanese millionaire Yoshikuni Okamoto, who in 1990 paid Sheehan $320,000 for a 1962 Ferrari 250 GT Berlinetta. Three years later, Okamoto filed a civil fraud suit, claiming he spent $170,000 for European Auto to restore the car, with little result. As he waited, the car's market value fell until it bottomed at less than what he had paid for it.
In 1995, restaurateur Yoji Oyama filed a similar complaint against European Auto. Oyama said he paid $375,000 for a 1950 Ferrari roadster and nearly $200,000 more for restoration. But after six years, the company had not completed the job.
Then Hong Kong collector Michael Mak sued, alleging he paid Sheehan $582,000 for a 1965 Ford GT40 race car, but instead received a replica built from the scraps of the original.
Okamoto won a settlement last August for less than half his attorney's fees. The other cases are pending.
And other legal issues remain, including a claim by European Auto's bankruptcy court trustee that Sheehan laundered funds before the bankruptcy, an allegation Sheehan denies. But he has been cleared of any criminal fraud charges.
"If I could do it all over again I would do it differently," Sheehan said.
"Because what I've been through has been emotionally, financially, devastating."
Douglas S. Le Grand
Legrand LLC
Alternative Investments
San Diego, CA 92111
Sent from my cool new HTC phone!
----- Reply message -----
From: "Gary Reed" <gary [at] garyreedsales.com>
Date: Fri, Oct 21, 2011 2:55 pm
Subject: [Ferrari] Rebuttal and then some
To: "Brian Keegan" <bks281 [at] hotmail.com>
Cc: <ferrari [at] ferrarilist.com>
The same topic has also popped up in the Vintage forum at FerrariChat.com
under the thread title "Chassis # 2639," courtesy of Mr. Douglas Le Grand.
http://ferrarichat.com/forum/showthread.php?t=341826
I posted the FerrariList registration info there, so maybe we'll get some new blood in here,
out of all of this.
Gary
----- Original Message -----
From: Steve Jenkins
To: Gary Reed
Cc: ferrari [at] ferrarilist.com
Sent: Friday, October 21, 2011 2:26 PM
Subject: Re: [Ferrari] Rebuttal and then some
I actually WAS thinking that a few minutes ago, Phil! J
SJ
From: Phil Tegtmeier [mailto:philville [at] windstream.net]
Sent: Friday, October 21, 2011 11:14 AM
To: Steve Jenkins
Cc: Phil Tegtmeier; ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] Rebuttal and then some
One thing that we can thank Doug for, is that I have not seen this level of traffic and input from the list for quite a while, you gotta love that.
Phil
On Oct 21, 2011, at 1:51 PM, Steve Jenkins wrote:
Hi, Doug. I'm replying publicly because I asked my questions publicly, and I have no desire to continue this conversation with you, privately or otherwise.
Concerning my two specific questions and your two specific answers:
1)
You have delivered your rebuttal. It is therefore now incumbent upon you to discontinue further rebuttal until such time as Sheehan replies to it. If he does not (and I really hope he does not), then that part of this conversation is over.
2)
You have achieved this goal. There exists no one within the sound of this email who is unaware your opinion. We are 100% informed, and as your Masters Degree in Economics certainly taught you, you cannot exceed 100%, and therefore no further discussion on your part is required in achieving this goal.
Therefore, I'd like to request that you cease further comment on this issue.
Thanks,
SteveJ
From: Douglas Le Grand [mailto:gemologist007 [at] yahoo.com]
Sent: Friday, October 21, 2011 10:02 AM
To: Steve Jenkins
Subject: Re: Rebuttal
Dear Sir
1. This a rebuttal to Mike Sheehan's attack of my being new to the business, so obviously I am wrong.
2. Make people aware of the secret business behind high end ferrari brokers, that in fact most wealthy people do not want to made aware of the fact that they have been cheated. This attitude allows dishonest brokers to feed on the very people believing in the principals of Enzo Ferrari and the Ferrari Marque. Mike S. has a history going back many years of taking wealthy people for their money and sneaking off to do it again. The fact is he is caught time after time, taken to court and made to pay back what he owes. He owes a group of 6 brokers for the work they did in securing the car. InternetInformation System at work. This is still a free country, dishonest people still go to jail. If I had not brought this up, no one would be wiser to Mike S. True or not?
Douglas S. Le Grand
Legrand LLC
Alternative Investments
San Diego, CA 92111
858-380-6389
From: Steve Jenkins <steve [at] stevejenkins.com>
To: 'Douglas Le Grand' <gemologist007 [at] yahoo.com>
Cc: ferrari [at] ferrarilist.com
Sent: Friday, October 21, 2011 9:25 AM
Subject: RE: [Pictures that I emailed to Mike S one week before his purchasingof Chassis 2639
Doug:
Two questions:
1)
What's the point of this (your most recent) message?
2)
What is your overall goal at continuing this conversation?
Thanks,
SteveJ
From: Douglas Le Grand [mailto:gemologist007 [at] yahoo.com]
Sent: Friday, October 21, 2011 8:45 AM
To: BrianBuxton [at] BuxtonMotorsports.com
Cc: michaela [at] thecarexperience.com; ferrari-owner [at] ferrarilist.com; ferrari [at] ferrarilist.com; redlinerestoration [at] yahoo.com; sales [at] cooperclassiccars.com; ferrari-request [at] ferrarilist.com
Subject: Re: [Pictures that I emailed to Mike S one week before his purchasingof Chassis 2639
Notice in the picture, this is not Mike S, but Donald S. I am only reporting the facts. Something I learned while earning my Masters Degree in Economics.
Here is the result ..,.
LOS ANGELES. -- Former top Ferrari broker Michael Sheehan never thought he would find himself in the kind of legal troubles he is in today.
The man who peddled the most expensive vintage Ferrari ever sold -- a classic GTO at $13.75 million -- placed his Costa Mesa company, European Auto Sales and Restoration Inc., into bankruptcy last March.
Meanwhile, two civil fraud lawsuits against him are pending, and he has yet to settle another one.
Sheehan's legal troubles began after global Ferrari prices surged in the late 1980s, then crashed in the early 1990s.
After the market collapse, several wealthy ear collectors claimed heavy financial damages; they alleged they had been cheated.
Criminal complaints were filed, and Sheehan's house was raided by police in the course of the investigation.
Sheehan, 47, denies the allegations. "It was totally unethical," he said. "It was totally immoral. They lied, they lied."
One case involved Japanese millionaire Yoshikuni Okamoto, who in 1990 paid Sheehan $320,000 for a 1962 Ferrari 250 GT Berlinetta. Three years later, Okamoto filed a civil fraud suit, claiming he spent $170,000 for European Auto to restore the car, with little result. As he waited, the car's market value fell until it bottomed at less than what he had paid for it.
In 1995, restaurateur Yoji Oyama filed a similar complaint against European Auto. Oyama said he paid $375,000 for a 1950 Ferrari roadster and nearly $200,000 more for restoration. But after six years, the company had not completed the job.
Then Hong Kong collector Michael Mak sued, alleging he paid Sheehan $582,000 for a 1965 Ford GT40 race car, but instead received a replica built from the scraps of the original.
Okamoto won a settlement last August for less than half his attorney's fees. The other cases are pending.
And other legal issues remain, including a claim by European Auto's bankruptcy court trustee that Sheehan laundered funds before the bankruptcy, an allegation Sheehan denies. But he has been cleared of any criminal fraud charges.
"If I could do it all over again I would do it differently," Sheehan said.
"Because what I've been through has been emotionally, financially, devastating."
Douglas S. Le Grand
Legrand LLC
Alternative Investments
San Diego, CA 92111
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