E90Post
 


Motormavericks
 
BMW 3-Series (E90 E92) Forum > E90 / E92 / E93 3-series Powertrain and Drivetrain Discussions > N54 Turbo Engine / Drivetrain / Exhaust Modifications - 335i > HorsepowerFreaks HPF out of business?!?!?!?!



Reply
 
Thread Tools Search this Thread
      05-06-2013, 10:19 PM   #23
1chanc3
Captain
41

 
Drives: 2010 e92 335i
Join Date: Feb 2013
Location: Los Angeles, CA


Posts: 818
iTrader: (0)

Anyone got any links on this? I would definitely like to read more about it....
__________________
2010 335i Coupe- Monaco Blue Metallic
Appreciate 0
      05-06-2013, 10:33 PM   #24
TwinTuning
Captain
12

 
Drives: E90 335I
Join Date: Aug 2011
Location: HERE


Posts: 632
iTrader: (7)

Quote:
Originally Posted by JMARS View Post
What I'm really surprised about is that the company is going under because of just $200k...
+1. They made a lot of money.
Appreciate 0
      05-06-2013, 10:41 PM   #25
shaginwagon13
Charted Accountant
Canada
28

 
shaginwagon13's Avatar
 
Drives: BMW 335i Coupe
Join Date: Apr 2012
Location: Toronto


Posts: 910
iTrader: (4)

Quote:
Originally Posted by 135Hoser View Post
Calling BS on this.
+1

Stealing some money is one thing. Stealing over 200k without the owners finding out? That sounds a little odd to me.
Appreciate 0
      05-06-2013, 10:42 PM   #26
shiv@vishnu
Tuner
United_States
879

 
Drives: X1, 335i
Join Date: Sep 2006
Location: SF Bay, CA


Posts: 17,616
iTrader: (0)

I think you guys overestimate how cash laden tuning shops are. A $175k loss would put most shops out of business quickly. Those who say otherwise have probably never run such a shop. If this is true, it's a real tragedy for the HPF team. Most of us are in this industry because we love what we do, not to retire early. It only takes one unscrupulous act to end the product of years of hard work. Sad.

Last edited by shiv@vishnu; 05-06-2013 at 10:51 PM.
Appreciate 0
      05-06-2013, 10:48 PM   #27
shaginwagon13
Charted Accountant
Canada
28

 
shaginwagon13's Avatar
 
Drives: BMW 335i Coupe
Join Date: Apr 2012
Location: Toronto


Posts: 910
iTrader: (4)

Quote:
Originally Posted by shiv@vishnu View Post
I think you guys overestimate how cash laden tuning shops are. A $175 loss would put most shops out of business quickly. Those who say otherwise have probably never run such a shop. If this is true, it's a real tragedy for the HPF team. Most of us are in this industry because we love what we do, not to retire early. It only takes one unscrupulous act to end the product of years of hard work. Sad.
+1 on this.

For those of you that have your own businesses or majored in accounting you will understand that 200k in cash is a HUGE sum of money for any business. Not too many businesses would make it back from a loss of cash like that which makes it even harder to understand how that much cash went missing and nobody caught on.
Appreciate 0
      05-06-2013, 11:02 PM   #28
-StanceCity-
Major
23

 
-StanceCity-'s Avatar
 
Drives: love to piss on fucker's face
Join Date: Aug 2011
Location: are you that fucker? lol


Posts: 1,339
iTrader: (2)

Relax guys. They are at Vegas for a poker shootout.
Appreciate 0
      05-06-2013, 11:06 PM   #29
Lankster
Sigma Alpha Epsilon
United_States
14

 
Drives: 2007 335xi
Join Date: Apr 2012
Location: Encinitas


Posts: 425
iTrader: (1)

If it was an employee then shouldnt HPF have accurate identification records of him/her and bring it up in court?

Also, it may not have been noticed that $200k was taken because it could have been in one lump sum and then he/she ran. Kinda hard to see that coming
__________________
Forum Bible http://www.albinoblacksheep.com/flash/posting
JB4, BMS DCI, Dimisa 4" tips, VMR 710 Matt Black, Plasti-Dip Mod
Appreciate 0
      05-06-2013, 11:12 PM   #30
TurboSid
Colonel
60

 
TurboSid's Avatar
 
Drives: 2015 M4 MW/SO DCT
Join Date: Apr 2008
Location: Florida


Posts: 2,211
iTrader: (4)

Garage List
2008 335i  [0.00]
i am reading that the employee did get sentenced to 38 months, but the money is still gone.

e46 fanatics seems to have the most up to date info.

Sucks to see something like this happen, on paper 175k doesn't sound like a lot but it can be crippling to any business. Unfortunately a lot of small businesses are highly leveraged on inventory and/or credit because they feel cash in hand can't give them a rate of return as high as reinvesting it into the business.
__________________


2015 MW/SO M4 M-DCT [CURRENT]
2011 AW/CR 335is DCT FBO [SOLD]
2008 AW/CR 335i 6MT FBO [SOLD]
Appreciate 0
      05-06-2013, 11:20 PM   #31
shaginwagon13
Charted Accountant
Canada
28

 
shaginwagon13's Avatar
 
Drives: BMW 335i Coupe
Join Date: Apr 2012
Location: Toronto


Posts: 910
iTrader: (4)

Quote:
Originally Posted by Lankster View Post
If it was an employee then shouldnt HPF have accurate identification records of him/her and bring it up in court?

Also, it may not have been noticed that $200k was taken because it could have been in one lump sum and then he/she ran. Kinda hard to see that coming
Again for those of us who own businesses we all know there are checks and balances that are in place so this does not ever happen. First of all, only owners are usually allowed to write cheques because they are the only ones with direct access to the bank accounts. On sums of money of a couple grand or more it requires the signature of both or all owners for the banks to cash the cheques on the account.

Its reported that the Gross Revenues for HPF was around 4 million dollars annually. That may sound like a lot but thats considered a small company and I am sure the reported 4 million dollars gross revenues is exaggerated slightly. I don't buy that a firm that size could let 200k cash just walk out and nobody notice. That makes no sense at all.
Appreciate 0
      05-06-2013, 11:26 PM   #32
MrRager
First Lieutenant
United_States
11

 
MrRager's Avatar
 
Drives: 335i
Join Date: Jul 2011
Location: 73134


Posts: 383
iTrader: (0)

Quote:
Originally Posted by marv85 View Post
Guys can you share a link?! unbelievable
http://forum.e46fanatics.com/showthread.php?t=985812
__________________
2008 335i 6MT
Appreciate 0
      05-06-2013, 11:48 PM   #33
joec500
Brigadier General
97

 
Drives: it has 4 wheels
Join Date: Jul 2008
Location: San Francisco


Posts: 3,004
iTrader: (10)

Crazy, I have the HPF clutch and it's perfect for my application. It's sad to see something like this happen to the community.
__________________
2007 E92 6MT SGM: MusicarNW Level 2, Procede Rev 2.5, FFTEC/Vishnu LPFP with Flexfuel Sensor and Flash, M3 Offset V701's, WaveTrac LSD, Michelin PSS, Downpipes, M3 Control Arms, TCKline D/A Suspension, LCI Tail lights, Lux AE's, ER Charge Pipe, DCI's, Mtech Front and Rear, M3 Sideskirts, HPF Stage 1 Clutch
Appreciate 0
      05-07-2013, 12:03 AM   #34
BBBluey
Captain
28

 
BBBluey's Avatar
 
Drives: very slow and courteous
Join Date: Mar 2009
Location: Santa Maria, California


Posts: 950
iTrader: (7)

Wonder if there will even be a stock clearance sale.
Appreciate 0
      05-07-2013, 12:09 AM   #35
Beemw335
Colonel
30

 
Drives: 335i
Join Date: Mar 2011
Location: My car is my home


Posts: 2,016
iTrader: (2)

Feel bad for the guy who lent them his 335 for such a long time. All that for nothing, the kit was never perfected.
Appreciate 0
      05-07-2013, 12:12 AM   #36
marv85
Colonel
United_States
34

 
marv85's Avatar
 
Drives: '07 335i MT
Join Date: Jun 2010
Location: Portland


Posts: 2,558
iTrader: (5)

Quote:
Originally Posted by Beemw335 View Post
Feel bad for the guy who lent them his 335 for such a long time. All that for nothing, the kit was never perfected.
Exactly what I said a few posts back... HPF335i ... I saw his car at the dealership when I went in for an injector not so long ago. his DME was fried.

I really hope he gets it fixed. I think that since he has a single Turbo, he should get in contact with shiv@vishnu to get help and hopefully Shiv can help the guy out for cheap.
__________________
'10 E92 335i , COBB
Appreciate 0
      05-07-2013, 12:16 AM   #37
335twins
Lieutenant
29

 
335twins's Avatar
 
Drives: 2009 335i, 2012 x3 35i
Join Date: Mar 2012
Location: AZ


Posts: 488
iTrader: (1)

I feel bad for what's coming to the guy who stole that money....
__________________
Cobb tuned, custom intakes
Appreciate 0
      05-07-2013, 12:31 AM   #38
cleex024
Major
50

 
Drives: 2008 BMW 335i Coupe
Join Date: Mar 2011
Location: Woodbridge


Posts: 1,442
iTrader: (2)

Quote:
Originally Posted by 335twins View Post
I feel bad for what's coming to the guy who stole that money....
why do you feel bad for him? he deserves something bad no?

anyway maybe its my time to get into this business lol....i have the money anyone on hpf pm me for a shop on the east coast =).

im actually serious
__________________
Space Gray l 6MT l OSG LSD w/ VAC Race Diff Cover l Cobb e30 l Morr vs8.2 l UUC SSK w/ DSSR l VSRF Catless Dps l RPI Intercooler l CDV Removed l HID AE 8000k l ETS Catback l AST 5200 w/ Vorshlag Camber Plates l ER Dual Oil Coolers l Rear Camber and Toe Arms l K&N Drop In l Solid Tranny/Diff/Subframe Bushings l Bridgestone RE-11
Appreciate 0
      05-07-2013, 12:32 AM   #39
Davin
Lieutenant Colonel
Trinidad_and_tobago
25

 
Davin's Avatar
 
Drives: 08 335xi - 92 MB 300E
Join Date: Mar 2008
Location: Trinidad & Tobago / NYC


Posts: 1,701
iTrader: (0)

is this real?
Appreciate 0
      05-07-2013, 12:43 AM   #40
skinrock
Agent Smith
84

 
skinrock's Avatar
 
Drives: 2013 Fusion AWD
Join Date: Jan 2011
Location: The Matrix


Posts: 2,860
iTrader: (9)

Garage List
2007 335i  [3.45]
Quote:
Originally Posted by 335twins View Post
I feel bad for what's coming to the guy who stole that money....
Well people are claiming he got sentenced to over 3 years in jail...although I don't feel bad for him.
Appreciate 0
      05-07-2013, 12:48 AM   #41
Beemw335
Colonel
30

 
Drives: 335i
Join Date: Mar 2011
Location: My car is my home


Posts: 2,016
iTrader: (2)

As sad as this is, if HPF had moved away from the e46 m3 and actually put in the effort on other/newer platforms (n54,n55,s65)Im sure theyd still be in business.
Nevertheless, still sad to hear what happened.
Appreciate 0
      05-07-2013, 12:49 AM   #42
robc1976
DIYER
158

 
robc1976's Avatar
 
Drives: E90 335i
Join Date: Mar 2012
Location: Illinois


Posts: 4,702
iTrader: (11)

Quote:
Originally Posted by skinrock View Post
Well people are claiming he got sentenced to over 3 years in jail...although I don't feel bad for him.
he should have gotten more....he ruined Simmons lively hood!
__________________
JB4 G5, WEDGE flash, 455 LPFP, HFS-4 meth kit, BMS OCC, Motiv 750 ST, RB valve, BMS DCI, 3" AR Dps, Custom OC W/ SS lines, ER FMIC, ER CP W/HKS BOV, M3 control arms, M3 guide rods, M3 upper links, M3 front & rear sway-bars, HPA rear toe arms, Wavetrac LSD, HPF Gen 2 exhaust DEFIV kit, KW clubsport, Delrin solid subframe bushings, stoptech rotors, Rogue Tranny Mounts, 1M bumper, M3 CF hood, MORR VS8.2 rims 245/295
Appreciate 0
      05-07-2013, 12:50 AM   #43
Stage 2 Drew
Second Lieutenant
6

 
Drives: an SRT4 that beats ur 335 :-)
Join Date: Apr 2007
Location: teh 909


Posts: 206
iTrader: (0)

Hard to believe for sure...
Appreciate 0
      05-07-2013, 12:52 AM   #44
Stage 2 Drew
Second Lieutenant
6

 
Drives: an SRT4 that beats ur 335 :-)
Join Date: Apr 2007
Location: teh 909


Posts: 206
iTrader: (0)

Quote:
Originally Posted by robc1976 View Post
he should have gotten more....he ruined Simmons lively hood!
That amount of money should be at least 10 years.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:13 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST