Feature

Swindlers, fraudsters and F1's other dubious characters

David Thieme, 1981

David Thieme's signature square glasses, goatee beard and black fedora set him apart in the F1 paddock in the late seventies, and so did the lavish hospitality parties of his company, the Essex Overseas Petroleum Corporation that sponsored Lotus in 1979 and 1980.

The enigmatic American  (seen on the left of the photo above with Elio de Angeslis, Colin Chapman, Mario Andretti and Françosi Mazet), who originally became wealthy thanks to his own industrial design firm before he switched to oil trading, popped out of nowhere to partner with Colin Chapman's reigning world championship outfit.

Alas, Thieme's luck ran out in April 1981 when he was arrested in Zurich for allegedly defrauding the Credit Swiss bank of $7.6M.

He was subsequently released on a $150,000 bail paid by his good friend Mansour Ojjeh, only to disappear into oblivion as swiftly as he had risen to prominence.

Page: 1 2 3 4 5 6 7 8 9 10 11

Michael Delaney

Recent Posts

Perez announces immediate departure from Red Bull Racing

Sergio Perez has officially announced his departure from Red Bull Racing, bringing an end to…

13 hours ago

Herbert: No ‘lingering animosity’ between F1 drivers and stewards

Former F1 driver turned FIA steward Johnny Herbert has pushed back against the criticism often…

14 hours ago

Red Bull's Horner invested as Commander of the British Empire

Red Bull team principal Christian Horner was the recipient on Wednesday of a CBE –…

15 hours ago

Leclerc sets record straight on ‘wrong headlines' regarding Sainz

Charles Leclerc recently vented his frustrations with the media for misrepresenting his comments about former…

16 hours ago

When third-gen Andretti revved up for F1 – but Indy came first

In December 2006, Marco Andretti made Formula 1 history as the sport's first-ever third-generation driver…

18 hours ago

Alpine’s 2024 Season: From chaos to comeback

Alpine's tumultuous journey began at rock bottom but ended with enough spark to suggest better…

19 hours ago