FBI Arrests 9 in Fake Tennessee Coal Mine Scheme; NASCAR Driver Brian Rose Indicted as Ringleader

Dave Fulton
@dave-fulton
10 years ago
9,137 posts

Almost sounds like a page out of the 70s and 80s. The Associated Press is reporting the arrest of 9 individuals in several states in a fake coal mine investment scheme based out of Kingsport, Tennessee. And WSOC Television in Charlotte indicates that a defrauded investor in Charlotte blew the whistle on ringleader Brian C. Rose, aka John Hankins. Rose is listed as having made 41 NASCAR Camping World Truck Series starts and 3 ARCA starts between 2000 - 2014. Rose's father has previously served prison time for operating a similar Ponzi scheme. The FBI also indicates that Rose and his family are under investigation for a purported separate fraudulent energy investment scheme.

The FBI indicates that it seized both race horses and race cars from Rose, aka Hankins.

Remember Kenny Childers - "The Coal Miner" and Jim Stacy??

And from WSOC-TV in Charlotte:

Didn't that Gilder fellow used to sell pick axes and coal shovels around Kingsport?!

LD. Ottinger of Newport, Tennessee wheels a championship NASCAR LMS ride for "The Coal Miner" in the 70s as posted by Statsman at Randy Ayers Modeling site.




--
"Any Day is Good for Stock Car Racing"

updated by @dave-fulton: 12/05/16 04:02:07PM
Dave Fulton
@dave-fulton
10 years ago
9,137 posts

And speaking of "Coal" cars... as I make this post at approximately 8:20 EDT time on Friday night, the "Clean Coal" JR Motorsports Chevy driven by Regan Smith is holding down 9th place in the Nationwide race at Kentucky. That's another fraud in my book... promoting coal as "clean."




--
"Any Day is Good for Stock Car Racing"
Dave Fulton
@dave-fulton
10 years ago
9,137 posts

And in the interest of not leaving out other famous NASCAR coal miners, the late Harry Ranier should get a tip of the hat.




--
"Any Day is Good for Stock Car Racing"
Leon Phillips
@leon-phillips
10 years ago
626 posts

I think it would be easyer just to go out and get a job than to scam people why do people do things like that