HorsepowerFreaks HPF out of business?!?!?!?!

MrRager · 05-06-2013, 09:44 PM

Heard about it on facebook... anyone have the story on this?

E90Company · 05-06-2013, 09:47 PM

Essentially a former employee stole money, but insurance only covered a very small percentage. He was forced to fire his employees and shut down.

pwr hungry · 05-06-2013, 09:52 PM

better not be true! They owe me an exhaust and intercooler still!!!

2nice89 · 05-06-2013, 09:53 PM

Quote:

Originally Posted by pwr hungry

better not be true! They owe me an exhaust and intercooler still!!!

Lol

vereak82 · 05-06-2013, 09:54 PM

No more $45k M3 turbo kits?

robc1976 · 05-06-2013, 09:57 PM

God damnitt! I was going to get a exhaust

however stole the money is a real coward.

idrift4wd · 05-06-2013, 09:59 PM

Quote:

Originally Posted by vereak82

No more $45k M3 turbo kits?

LOL +1

Eric335 · 05-06-2013, 10:03 PM

Quote:

Originally Posted by E90Company

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

pwr hungry · 05-06-2013, 10:05 PM

bitch betta have my money! lol

creaminz · 05-06-2013, 10:09 PM

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.

MrRager · 05-06-2013, 10:11 PM

Quote:

Originally Posted by Eric335

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

Sniz · 05-06-2013, 10:25 PM

Quote:

Originally Posted by Eric335

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.

cn555ic · 05-06-2013, 10:30 PM

Holy shieet. Chris is such a nice guy. Hope that prick that robbed him gets it good from his showers and dropping soap bars.

marv85 · 05-06-2013, 10:32 PM

Guys can you share a link?! unbelievable

The Ghost · 05-06-2013, 10:36 PM

Maybe they call sell-off their single turbo manifold. I'll take it!

marv85 · 05-06-2013, 10:40 PM

I feel bad for HPF335i, I hope he was taken care of!

135Hoser · 05-06-2013, 10:42 PM

Calling BS on this.

SCS15 · 05-06-2013, 10:44 PM

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.

JMARS · 05-06-2013, 10:54 PM

What I'm really surprised about is that the company is going under because of just $200k...

E90Company · 05-06-2013, 10:55 PM

Quote:

Originally Posted by JMARS

What I'm really surprised about is that the company is going under because of just $200k...

I was wondering the same honestly.

marv85 · 05-06-2013, 11:00 PM

true

e92tt1986 · 05-06-2013, 11:11 PM

I guess this means they will never finish the single turbo LOL

05-06-2013, 09:44 PM	#1
MrRager First Lieutenant 25 Rep 381 Posts Drives: 335i Join Date: Jul 2011 Location: 73134 iTrader: (0)	HorsepowerFreaks HPF out of business?!?!?!?! Heard about it on facebook... anyone have the story on this? __________________ 2008 335i 6MT
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05-06-2013, 09:47 PM	#2
E90Company Major General 198 Rep 6,136 Posts Drives: Car Join Date: Mar 2012 Location: FL iTrader: (2)	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
pwr hungry Banned 42 Rep 1,257 Posts Drives: 335 Join Date: Mar 2013 Location: Amer'ca iTrader: (2)	better not be true! They owe me an exhaust and intercooler still!!!
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05-06-2013, 09:54 PM	#5
vereak82 Second Lieutenant 14 Rep 290 Posts Drives: 6-spd e92 335i Join Date: May 2011 Location: michigan iTrader: (0)	No more $45k M3 turbo kits? __________________ 2008 135i 6-speed current stock for now 1995 e36 M3 5-speed Jb4 G5//CM-FX400//FBO//Meth// 12.06@118 6-speed manual sold summer 2013
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05-06-2013, 09:57 PM	#6
robc1976 DIYER 634 Rep 5,521 Posts Drives: E90 335i Join Date: Mar 2012 Location: Illinois iTrader: (14)	God damnitt! I was going to get a exhaust however stole the money is a real coward. __________________ JB4 G5, Stage 3 LPFP, Stage 2 MOTIV PI, VM 6466 ST, Custom OCC 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, DEFIV kit, KW clubsport, Delrin solid SF bushings, stoptech rotors, Rogue Tranny Mounts, 1M bumper, M3 CF hood, M3 fenders, M3 OEM sideskirts, Mtech rear bumper, CSL trunk, MORR VS8.2 rims 245/295
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05-06-2013, 10:05 PM	#9
pwr hungry Banned 42 Rep 1,257 Posts Drives: 335 Join Date: Mar 2013 Location: Amer'ca iTrader: (2)	bitch betta have my money! lol
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05-06-2013, 10:09 PM	#10
creaminz Major General 555 Rep 7,704 Posts Drives: E90 LCI Join Date: Sep 2005 Location: So. Cal iTrader: (33)	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, 10:30 PM	#13
cn555ic 460 Rep 18,331 Posts Drives: 335i Join Date: Jun 2007 Location: US iTrader: (6)	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
marv85 Colonel 71 Rep 2,626 Posts Drives: '07 E92 335i MT Join Date: Jun 2010 Location: Bay Area iTrader: (7)	Guys can you share a link?! unbelievable __________________ '18 F80 M3 Comp 6MT - Stock '07 E92 335i 6MT- HP650, inlets/outlets, ER FMIC, VRSF CP, LPFP stg2, CSF rad, 'is Aux rad, ER OC, Ohlins, M control arms, eibach front sway bar. '05 C55 AMG SOLD - '22 Tesla M3P \| '10 E92 335i M, 6MT \| '07 E90 335i, PTF COBB E50, FBO, HFS4
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05-06-2013, 10:36 PM	#15
The Ghost Reborn 89 Rep 1,217 Posts Drives: 335i Join Date: Jun 2011 Location: USA iTrader: (1)	Maybe they call sell-off their single turbo manifold. I'll take it!
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05-06-2013, 10:40 PM	#16
marv85 Colonel 71 Rep 2,626 Posts Drives: '07 E92 335i MT Join Date: Jun 2010 Location: Bay Area iTrader: (7)	I feel bad for HPF335i, I hope he was taken care of! __________________ '18 F80 M3 Comp 6MT - Stock '07 E92 335i 6MT- HP650, inlets/outlets, ER FMIC, VRSF CP, LPFP stg2, CSF rad, 'is Aux rad, ER OC, Ohlins, M control arms, eibach front sway bar. '05 C55 AMG SOLD - '22 Tesla M3P \| '10 E92 335i M, 6MT \| '07 E90 335i, PTF COBB E50, FBO, HFS4
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05-06-2013, 10:42 PM	#17
135Hoser Banned 39 Rep 315 Posts Drives: '16 m4 zcp Join Date: Jul 2011 Location: Canada, Eh iTrader: (0)	Calling BS on this.
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05-06-2013, 10:44 PM	#18
SCS15 Captain 25 Rep 742 Posts Drives: E92 335i 6MT Join Date: Feb 2011 Location: Westchester, NY iTrader: (3)	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. __________________ Car for sale http://www.e90post.com/forums/showthread.php?t=881526 JB4 G5 - Forge FMIC - VRSF V2 DP - Magnaflow 15529 Catback Exhaust - BMS Clutch Stop - BMS DCI - CDV Delete - Dinan Stage 3 Suspension - 19x8.5/10 Forgestar F14 Gloss Gunmetal - Michelin PSS - M-Sport Front & Rear - M3 Side Skirts - OEM M3 Decklid Spoiler - BMW Performance Grilles - ZHP Shift Knob - M-Sport Steering Wheel - M-Sport Door Sills
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05-06-2013, 10:54 PM	#19
JMARS Not Baned 90 Rep 1,354 Posts Drives: e92 M3 Join Date: Aug 2008 Location: Delray Beach, FL iTrader: (5)	What I'm really surprised about is that the company is going under because of just $200k...
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05-06-2013, 11:00 PM	#21
marv85 Colonel 71 Rep 2,626 Posts Drives: '07 E92 335i MT Join Date: Jun 2010 Location: Bay Area iTrader: (7)	true __________________ '18 F80 M3 Comp 6MT - Stock '07 E92 335i 6MT- HP650, inlets/outlets, ER FMIC, VRSF CP, LPFP stg2, CSF rad, 'is Aux rad, ER OC, Ohlins, M control arms, eibach front sway bar. '05 C55 AMG SOLD - '22 Tesla M3P \| '10 E92 335i M, 6MT \| '07 E90 335i, PTF COBB E50, FBO, HFS4
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05-06-2013, 11:11 PM	#22
e92tt1986 Lieutenant 35 Rep 407 Posts Drives: e92 Join Date: Jan 2013 Location: Greece iTrader: (3)	I guess this means they will never finish the single turbo LOL
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