Will his boats be up for sale soon?

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10-29-2020 | 10:19 AM

#11

302Sport

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Joined: Oct 2005

Posts: 6,216

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From: Plainville/Old Lyme, CT Boca Raton, FL

The guy owns Wake Effects at LOTO along with the Wake Effects MTI race boat.

10-29-2020 | 10:40 AM

#12

Wildman_grafix

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Joined: Jun 2007

Posts: 7,341

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From: Merritt Island, FL

ran the scam for 20 years,,, wow.

10-29-2020 | 11:30 AM

#13

IGetWet

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Joined: Sep 2013

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From: Wisconsin

“innovative entrepreneur”. Lol

10-29-2020 | 12:35 PM

#14

Griff

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Joined: Oct 2000

Posts: 20,281

Likes: 2,518

From: Omaha/LOTO

Quote:

Originally Posted by 302Sport

The guy owns Wake Effects at LOTO along with the Wake Effects MTI race boat.

He is the former owner of the Wake Effects Dealership. Big Thunder bought the company/dealership.
Not sure if he still owns the Wake Effects MTI race boat.

As far as his assets, I'm sure the Feds froze them.

10-29-2020 | 01:08 PM

#15

BDiggity

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Joined: Feb 2005

Posts: 1,801

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From: Palm Bay FL

Yes sorry, didn't mean for it to read like MTI the company for sale. Figured most knew he raced the MTI boat & i thought he had another.

And no, never met the guy & have no inside knowledge other than my coworker telling me that in their small neighborhood get togethers they couldn't believe the fact that magazine telemarketing could afford such nice toys.

10-29-2020 | 01:28 PM

#16

Indy

Member #154

Joined: Oct 2000

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From: SW CT & Long Island Sound

String him up

10-29-2020 | 01:47 PM

#17

Jupiter Sunsation

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Quote:

Originally Posted by 302Sport

The guy owns Wake Effects at LOTO along with the Wake Effects MTI race boat.

^^^^ Adam on the phone today:

Hey Rusty, so you probably won't be using your new 52 MTI, I'll give you $350,000 for it............

10-29-2020 | 02:16 PM

#18

Holy Smokes

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Joined: Aug 2001

Posts: 919

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From: OPKS & LOTO

Preying on the elderly and vulnerable is pretty low....

Details on the operation
https://www.startribune.com/feds-in-...ors/572897881/

10-30-2020 | 08:23 AM

#19

Sydwayz

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Joined: May 2001

Posts: 24,215

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From: Worldwide

The real numbers:

183,000 victims
$335,000,000 ($335 million dollars)
$1861 PER VICTIM; targeting the elderly.

Everyone is innocent until proven guilty. I look forward to hearing the results; but this will not be swift. I doubt it will go to trial.

Last edited by Sydwayz; 10-30-2020 at 08:26 AM.