Wow, is this the Kyle that does RC51 stuff? - Honda RC51 Forum : RC51 Motorcycle Forums
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post #1 of 16 (permalink) Old 05-10-2017, 04:10 PM Thread Starter
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Wow, is this the Kyle that does RC51 stuff?

Monterey County motorcycle salesman cops to major fraud scheme - San Francisco Chronicle

Old enough to know better, young enough not to care.
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post #2 of 16 (permalink) Old 05-10-2017, 04:16 PM
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Yup, that's Danny boy. His products and services were awesome though, how he used his money is on him...


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post #3 of 16 (permalink) Old 05-10-2017, 04:37 PM
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Has anyone confirmed that the doors are shut?
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post #4 of 16 (permalink) Old 05-10-2017, 04:57 PM
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Damn , this blows

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post #5 of 16 (permalink) Old 05-10-2017, 05:13 PM
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Relax a little guys, just because the owner got into a bit of a legal mess doesn't automatically mean that the doors to a well established business are closing.
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post #6 of 16 (permalink) Old 05-10-2017, 05:53 PM
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Quote:
Originally Posted by LDH® View Post
Relax a little guys, just because the owner got into a bit of a legal mess doesn't automatically mean that the doors to a well established business are closing.
He's right. Unless the article said the doors were closed and the business file bankruptcy, etc. assume it's still operational. Even then, a quick phone call would clarify everything as well. I've known the guys there since '99 or so, they'll keep it running as long as they can, and I doubt it will close unless the assets are seized buy the IRS. Just my thoughts.

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'86 250r Fourtrax (dirt)
'89 KTM 500dx (dirt)
'89 FZR600 (Track)
'94 CBR600f2 (totaled) I lowsided vs gaurdrail
'97 GSX-R 600 (totaled) I was rear-ended
'98 VFR1000f (commuter)
'00 CBR600 F4 (sold)
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'02 CBR954rr (sold)
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post #7 of 16 (permalink) Old 05-10-2017, 07:31 PM
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Damn , this blows
No kidding....

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post #8 of 16 (permalink) Old 05-10-2017, 07:39 PM
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Interesting using the term fraud as I feel it immediately prejudices people to think of this in a particular way, but if you said tax evasion a lot of folks are thinking right on Dan. Of course technically it's correct but......He never defrauded me and I spent a fair amount there over the last 20 years not to mention info thats hard to find and the Zilla suspension seminar back in the day. Negotiate Dan, negotiate!!
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post #9 of 16 (permalink) Old 05-10-2017, 10:17 PM
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Some years ago I learnt that there's apparently nothing in the U.S. constitution that says a man's labour is taxable (& lots of U.S. Citizens have won court cases about this), it's just the way it's been arranged by the government for a long time and accepted by most of the public.

Though I've never had any dealings with him I feel sorry for Dan. I've no experience with the IRS but they'll probably go after everything they can, that's how they roll. Hopefully they won't cause his business to shut down or put him inside & shut his business down.

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post #10 of 16 (permalink) Old 05-11-2017, 08:36 AM
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honestly being a small business owner myself.....f*ck the IRS.

I get why he did it, his money, his revenue, his business.

as long as the customer walks away satisfied then what the business owner does with his revenue is his business. End of. Especially if they pay in cash.

Pretty much every motorcycle shop (besides a main dealer) ive seen does something similar to this for cash because they are usually barely afloat anyways. Motorcycle industry in the USA is shit comparatively.
Lets not even start the conversation of what a tax/fee-ridden-hippie-land California is; so just keeping up with whatever avocado-tree hugging fee that they shove down your throat is a chore.

I will always give Kyle Racing and LDH my suspension business. they are the best in the biz.

Sucks that he got caught, a good accountant could have found ways to deduct or asset most of it back into the business or bought easily liquid assets to park the cash in without money orders.

basically this is just going to cost him lawyer money and a fine. It aint shit.


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