Finally, someone is doing something about it. We’ve all seen the telltale signs. We look at the driver in the next lane and see one hand on the wheel, head down and making furtive occasional glances up and then back down. At night, it’s even easier to spot, as the […]
Legal Files
Will Taxes Get Trumped?
Ihave to think I was in the clear majority of the country — I didn’t see much chance that Donald Trump was going to be elected president. What may have been even more astounding was that the Republican Party gained control of both chambers of the Congress. That sets the […]
Duemila Ruote: From Scandal to Windfall
Luigi Compiano is an Italian businessman who inherited a substantial security company from his father, Arnaldo. Based in Treviso in the northeastern corner of Italy, North East Services was founded in 1929 by Mr. Compiano’s grandfather. Arnaldo Compiano developed this small business into one of the market leaders in the […]
It’s Open Season on Over-Posters
Have a fast car? Like to show your friends how fast it goes by posting speedometer selfies on Facebook and other social media sites? You could be in for a rude knock from the Man with a Badge who just wants to ask you a few routine questions — or […]
Dude, Where’s My Car?
When you pull up to a restaurant or hotel and valet-park your car, it is reasonable to expect to get that car back in the same condition as when you dropped it off. Unfortunately for Mr. Carlo DiMarco, that is not always the case. According to a case filed in […]
Matching Numbers in Court
Put yourself in Gary Duncan’s shoes. He had owned this great, numbers-matching 1970 Pontiac GTO for over three years. He’d had some good fun with the GTO, but he owned a lot of cars and it was time for this one to move on. So he consigned it to an […]
Write Off Your Racing
Auto racing is expensive at any level. Often, a racer looks to reduce the cost by treating it as a business activity to deduct the expenses. Racers who do this have encountered mixed results when the IRS challenges their returns. If you are going to give this a try, it’s […]
A Drug-Fueled Car Auction
It’s safe to say that SCM has never before reported on an Apple Auctioneering Company sale — until now. Apple Auctioneering Company is an affiliate of Apple Towing Company, Houston’s largest towing company, and it bills itself as the “nation’s leader in seized asset management & government liquidation.” Apple seemed […]
A Soft Market and Hard Tax Choices
By now, everyone knows the collector car market has softened. The harder question is what will happen next. If you liken the collector car market to the stock market, you should be bullish. Every time the stock market has lost substantial value, as it recently did after the Brexit vote, […]
‘Real McCoy’ Races to Judgment
Legal Files” previously reported (May 2014, p. 38) about a lawsuit filed by Domenico Idoni concerning the “Real McCoy” Corvette. This March, the lawsuit came to an end, with judgment entered in favor of Chuck Ungurean, the owner of the Corvette. The Real McCoy is a 1956 Chevrolet Corvette SR […]