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-   -   HPF is no more! Bankrupt (http://www.maxbimmer.com/forums/showthread.php?t=157466)

Blades 05-07-2013 11:09 AM

HPF is no more! Bankrupt
 
Looks like one employee stole a bunch of money from the business so the owner had to let go of all the employees just to try to keep the business a float but the insurance company didnt pay the 200k that was missing and only paid 29k. I'm just reading about this from another forum .. dunno how much is true but this is what I got from it .. they are no more .. went bankrupt.

Sale of Business

employee that got away and was then caught
http://i28.photobucket.com/albums/c2...pse10e597b.jpg

Quack 05-07-2013 12:37 PM

the arrest date is from Nov 10, 2011 if this happened awhile ago you think we should have heard something earlier about this, also the HPF website still works http://www.horsepowerfreaks.com/

doogee 05-07-2013 01:24 PM

I smell bullshit.

propr'one 05-07-2013 03:37 PM

yeah something is not right. im sure HPF is really closed but they wouldn't close because one employee stole something, or because of CC fraud. Its possible it wasn't profitable (how many HPF cars are there out there?)

Blades 05-07-2013 04:08 PM

I dunno .. im getting it from here and they are still talking about it ..

http://www.e90post.com/forums/showthread.php?t=837331

http://forums.bimmerforums.com/forum...business-today

http://forum.e46fanatics.com/showthread.php?t=985812

Blades 05-07-2013 05:03 PM

Quote:

Originally Posted by Quack (Post 1609379)
the arrest date is from Nov 10, 2011 if this happened awhile ago you think we should have heard something earlier about this, also the HPF website still works http://www.horsepowerfreaks.com/

not anymore

BigD 05-07-2013 05:46 PM

Too bad, so sad... not really.

Quack 05-07-2013 10:13 PM

Quote:

Originally Posted by Blades (Post 1609425)
not anymore

LOL:D, that didn't take long.

I wonder what they plan to do with the inventory, perhaps a sale maybe in order.

Blades 05-08-2013 08:49 AM

Quote:

Originally Posted by Quack (Post 1609466)
LOL:D, that didn't take long.

I wonder what they plan to do with the inventory, perhaps a sale maybe in order.

well according to american law people have to pick there shit up asap or else its considered asset and goes to auction to pay the bank

doogee 05-08-2013 02:42 PM

Well at least no one has to listen to him talk nonsense about his so called "racecar" anymore :)

5style 05-08-2013 05:08 PM

Lol

///Mmm 05-10-2013 02:50 AM

Their inventory is bought already and if I understood correctly HPF is coming back ,maybe with another name.

Their product was unmatched so was their car preparation! Their kit really worked and they had customers all over the world spending serious money and trusting them, and they always delivered. Hope they come back

TheMadChigga 05-10-2013 11:41 AM

Quote:

Originally Posted by ///Mmm (Post 1609801)
Their inventory is bought already and if I understood correctly HPF is coming back ,maybe with another name.

Their product was unmatched so was their car preparation! Their kit really worked and they had customers all over the world spending serious money and trusting them, and they always delivered. Hope they come back

I think they tried too hard and expands too fast, they were carrying our stuff for a while but ran into serious logistic problem when they want to sell literally EVERYTHING for every single car out there and we had to pull the plug.

Also, Chris had been playing with Supra before HPF was formed, so most likely another incorporation will be form and sell under another name, most of the stuff they carry like most websites business they don't actually have it in warehouse, they sell it, then file PO with manufacture, then manufacture drop-ship most things.

Same thing with 360 forged and ADV1.

Effay 05-13-2013 06:49 PM

Quote:

Originally Posted by propr'one (Post 1609408)
yeah something is not right. im sure HPF is really closed but they wouldn't close because one employee stole something, or because of CC fraud. Its possible it wasn't profitable (how many HPF cars are there out there?)

this.


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