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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?!?!?!?!



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      05-06-2013, 09:44 PM   #1
MrRager
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HorsepowerFreaks HPF out of business?!?!?!?!

Heard about it on facebook... anyone have the story on this?
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      05-06-2013, 09:47 PM   #2
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Essentially a former employee stole money, but insurance only covered a very small percentage. He was forced to fire his employees and shut down.
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      05-06-2013, 09:52 PM   #3
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better not be true! They owe me an exhaust and intercooler still!!!
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      05-06-2013, 09:53 PM   #4
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better not be true! They owe me an exhaust and intercooler still!!!
Lol
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      05-06-2013, 09:54 PM   #5
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No more $45k M3 turbo kits?
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      05-06-2013, 09:57 PM   #6
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God damnitt! I was going to get a exhaust however stole the money is a real coward.
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      05-06-2013, 09:59 PM   #7
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No more $45k M3 turbo kits?
LOL +1
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      05-06-2013, 10:03 PM   #8
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Essentially a former employee stole money, but insurance only covered a very small percentage. He was forced to fire his employees and shut down.
This^


Basically embezzled so much cash that HPF couldnt recover.....I still dont know how they didnt realize it sooner though. I dont have too much info, but im reading about it on another source.

Something to the tune of $200k was stolen, and the insurance company only payed out $25k, which forced the doors to be shut. I want to give a huge handshake out to Chris though. We will surely miss him and his efforts, as well as his whole team
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      05-06-2013, 10:05 PM   #9
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bitch betta have my money! lol
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      05-06-2013, 10:09 PM   #10
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This is huge loss to BMW community. I understand their high price tags and all but it was quite amazing to see their built E46 M3...never gets old. Hopefully God has planned something better for HPF & Chris himself.
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      05-06-2013, 10:11 PM   #11
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Quote:
Originally Posted by Eric335 View Post
This^


Basically embezzled so much cash that HPF couldnt recover.....I still dont know how they didnt realize it sooner though. I dont have too much info, but im reading about it on another source.

Something to the tune of $200k was stolen, and the insurance company only payed out $25k, which forced the doors to be shut. I want to give a huge handshake out to Chris though. We will surely miss him and his efforts, as well as his whole team

thats exactly what i heard... yeah ive done a little more research and it seems to be true. HPF is no more
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      05-06-2013, 10:25 PM   #12
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Quote:
Originally Posted by Eric335 View Post
This^


Basically embezzled so much cash that HPF couldnt recover.....I still dont know how they didnt realize it sooner though. I dont have too much info, but im reading about it on another source.

Something to the tune of $200k was stolen, and the insurance company only payed out $25k, which forced the doors to be shut. I want to give a huge handshake out to Chris though. We will surely miss him and his efforts, as well as his whole team
man thats unreal!! such a shame....damn. Sorry to hear this Chris hope everything is ok at home.
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      05-06-2013, 10:30 PM   #13
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Holy shieet. Chris is such a nice guy. Hope that prick that robbed him gets it good from his showers and dropping soap bars.
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      05-06-2013, 10:32 PM   #14
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Guys can you share a link?! unbelievable
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      05-06-2013, 10:36 PM   #15
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Maybe they call sell-off their single turbo manifold. I'll take it!
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      05-06-2013, 10:40 PM   #16
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I feel bad for HPF335i, I hope he was taken care of!
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      05-06-2013, 10:42 PM   #17
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Calling BS on this.
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      05-06-2013, 10:44 PM   #18
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Man this is such a shame. Cant stand greedy people ruining it for guys that work really hard in any field not just automotive.

Pretty hard to believe someone just stole $200k and it went unnoticed though.
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      05-06-2013, 10:54 PM   #19
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What I'm really surprised about is that the company is going under because of just $200k...
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      05-06-2013, 10:55 PM   #20
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Quote:
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What I'm really surprised about is that the company is going under because of just $200k...
I was wondering the same honestly.
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      05-06-2013, 11:00 PM   #21
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true
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      05-06-2013, 11:11 PM   #22
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I guess this means they will never finish the single turbo LOL
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