Kirk Wright, a Florida hedge fund manager, hung himself when faced with a 710-year sentence for 47 counts of fraud, and swindling $185 million from clients including 78 NFL players. And what was so important that he needed all that money for? Apparently, a sickening, pinked-up, rhinestoned Lamborghini Gallardo for his wife.
Two years ago the financial markets were imploding after years of recklessness and Florida-based Kirk Wright was a poster boy for everything wrong. He started out on the up-and-up, investing money for his friends and his own mother, but as things progressed they got out of control. Mr. Wright defrauded as many as 500 investors, including 78 members of the NFL Players Association, stealing between $115 and $185 million, offering only printouts from Ameritrade as evidence of his spectacular and recurring profits. When he was caught and prosecuted, facing an impressive 710 year sentence, he hung himself in his jail cell on May 24, 2008.
Let’s back in 2007, when Kirk Wright bought this $200,000 Lamborghini Gallardo with a custom-made rhinestone-bedazzled logo, a pink Alcantara interior and custom-painted Asanti wheels for his wife with a $55,000 engagement ring. Not bad, is it?!
After arrest, the car was impounded, sold and now it’s the property of Ft. Lauderdale’s EuroMotorSport. The company plans to sell it and donate some of the money to the investment victims. For the sake of our roads, we hope they buff out some of that pink first. You can see more pictures here. So, you want to see an example of what got the US into the current financial crisis?! This is it. [via Jalopnik]