News

Business Owner Robert Boston, Whose Fraud Paid for Son’s NASCAR Career, Will Go To Prison For 10 Years

The founder of a North Carolina business was sentenced to ten years in prison on financial fraud charges, according to a Monday news release from U.S. Attorney Andrew Murray.

Business Owner Sentence To 10 Years For Fraud

Robert Boston, 54, defrauded his company’s investors and franchise owners while supporting his son Justin‘s NASCAR career.

The defense claimed that Boston spent $5 million annually “so Justin could play race car driver,” according to evidence presented at the trial.

Justin Boston drove in the Camping World Truck Series in a truck with the logo of his dad’s company, Zloop, according to motorsport.com. In 2015, Kyle Busch Motorsports terminated his two-year, $6 million contract because of missed payments.

Subscribe to our free weekly newsletter!

A week of sports news in your in-box.
We find the sports news you need to know, so you don't have to.

30 SPORTS FIGURES WHO DIED IN 2018 – TRIBUTE SLIDESHOW

According to the news release, a federal judge found that Robert Boston’s victims are owed over $27 million after he was found guilty of wire fraud, securities fraud, money laundering and conspiracy in December.

Boston founded Zloop in 2012. He hid a history of bankruptcy and past fraud from franchise owners and investors of the electronic waste recycling firm.

Boston and co-owner Robert LaBarge spent millions of company money on personal purchases like real estate, a private plane and luxury cars. Boston even looked into buying a private island, according to the release.

In November, LaBarge plead guilty to conspiracy to commit wire fraud and was sentenced to two years in prison.

Bill Piersa

Recent Posts

Diontae Johnson Excited To Move From Panthers To Ravens, Could Help In Playoff Push

Wide receiver Diontae Johnson is reportedly settling in well with the Baltimore Ravens after the…

16 hours ago

What Happened To Aaron Judge? After Yankees Fall Short In World Series, Fans Are Asking Questions

Aaron Judge seemed to flip the script on his disastrous World Series and postseason with…

16 hours ago

As The Yankees Collapse In World Series, Free Agency Battle For Juan Soto Begins

The New York Yankees' 2024 season came to a screeching halt Wednesday night when the…

2 days ago

Dodgers Win World Series In Game 5, Yankees Blow Five-Run Lead In Disastrous Finale

The Los Angeles Dodgers defeated the New York Yankees 7-6 in Game 5 to win…

2 days ago

Brad Pitt Makes Surprise Appearance At Mexican Grand Prix To Shoot His Movie, ‘F1’

https://youtu.be/Y69VZZt9rt4 Brad Pitt made a surprise appearance at the Mexican Grand Prix’s practice round on Oct. 26.…

3 days ago

76er’s Joel Embiid Stays In NBA News Even While Not Playing

Joel Embiid’s name came up twice in NBA news this week as he continues to…

4 days ago