Following the theft that took place at his house last Friday, racer and commentator Townsend Bell is resigned to the fact that his prized Indy 500 rings and other valuable items earned during two decades in the sport will not be recovered.According to Bell, processing the burglary at his Southern...

Former sports car driving champion and Level 5 Motorsports team owner Scott Tucker and his lawyer Timothy Muir were convicted of illegal payday lending practices on Friday.A jury in Manhattan, N.Y., returned a guilty verdict for Tucker and Muir on a number of significant charges, including Racketeering Influenced Corrupt Organizations...

Scott Tucker's massive collection of racecars and associated support equipment will go up for auction in May.Proceeds from the auction are expected to be used towards covering some of the $1.2 billion fine levied against Tucker by the Federal Trade Commission in October for deceptive business practices. Assembled under the...

Tags: Ferrari«Ferrari models have contested at Daytona since the first sports car race was held at Daytona International Speedway’s combined oval and road course. Its first class victory came in 1962, with the latest in 2014. Here is a look at Ferrari’s biggest victories at Daytona.1964 – Ferrari’s 250 GTOs...

Tags: Joao BarbosaJoao Barbosa is running at Le Mans for the ninth time, joining Krohn Racing for the second straight year as he co-drives the No. 40 Nissan Ligier JS P2 with Tracy Krohn and Nic Jonsson. This year, he has an extra incentive.“I especially wanted to do it again...

Reuters reports that the FBI has confirmed the arrest of sportscar champion Scott Tucker and one of his lawyers, Timothy Muir, following a probe related to payday lending entities that authorities claimed Tucker controlled, including AMG Services Inc.The arrests followed a related lawsuit by the Federal Trade Commission that sought...

Papers submitted by the Federal Trade Commission in a Nevada federal court on Wednesday seek $1.32 billion in damages from sportscar champion Scott Tucker and his late brother Blaine. In a report filed by Reuters, United States regulators have targeted the Level 5 Motorsports team owner and his deceased brother...

The IMSA community is mourning the loss of David Stone, the guiding force behind multiple IMSA championship-winning efforts for Level 5 Motorsports and president and co-owner of top IMSA Porsche GT3 Cup Challenge USA by Yokohama team Kelly Moss Motorsports. Stone passed away Wednesday, Aug. 12 in Madison, Wisconsin, surrounded...

Level 5 Motorsports team owner Scott Tucker has settled charges filed by the Federal Trade Commission in relation to his payday loan companies AMG Services, Inc., and MNE Services, Inc. They will pay $21 million in damages related to violating "the law by charging consumers undisclosed and inflated fees," according...

Bloomberg.com reports that Federal prosecutors are preparing to bring charges against race driver and Level 5 team owner Scott Tucker (ABOVE), for deceiving borrowers about the cost of loans through payday lending operations.The Bloomberg report claims Manhattan U.S. Attorney Preet Bharara has been working with the FBI in New York...