All articles tagged with #car collecting
A heavily modified, high-mileage 1994 Toyota Supra is up for auction and is expected to sell for more than the base price of a new 2024 GR Supra, despite its significant rust, modifications, and worn condition. Bidding has already reached nearly $50,000, reflecting the enduring appeal of the A80-generation Supra and the willingness of enthusiasts to invest in restoring and preserving these iconic performance cars.
Najeeb Khan, a Michiana man, has been sentenced to just over eight years in prison for a check-kiting scheme that involved stealing $150 million. Khan used his payroll services firm, IOI, as a front for the bank fraud and used the proceeds to support his passion for car collecting. The government argued that Khan's self-disclosure of his crimes was motivated by fear caused by a personal health scare rather than remorse. Khan was ordered to pay over $158 million in restitution and will serve his sentence concurrently for bank fraud and attempted tax evasion.