Once known as ‘the king of drag racing,’ Evan Knoll—former Torco Racing Fuels owner—pleaded guilty in a $100 million fraud.
He was sentenced at age 52 to 14 years in jail.
Knoll’s legal problems stemmed from allegedly misusing the 18.3-cents-per-gallon tax levied on fuel to help fund road construction.
But when the fuel isn’t used for regular road-going vehicles, such as dragsters, you can apply for a refund. According to prosecutors, Knoll got about $87 million in refunds, but the claims he made were reportedly fictitious.
found on http://www.autoweek.com/article/20140428/MOTORSPORTS/140429886?utm_source=rss&utm_medium=feed&utm_campaign= and the
April 14 print edition of Autoweek magazine
He was sentenced at age 52 to 14 years in jail.
Knoll’s legal problems stemmed from allegedly misusing the 18.3-cents-per-gallon tax levied on fuel to help fund road construction.
But when the fuel isn’t used for regular road-going vehicles, such as dragsters, you can apply for a refund. According to prosecutors, Knoll got about $87 million in refunds, but the claims he made were reportedly fictitious.
found on http://www.autoweek.com/article/20140428/MOTORSPORTS/140429886?utm_source=rss&utm_medium=feed&utm_campaign= and the
April 14 print edition of Autoweek magazine
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