Red River Raceway News
02-03-2009, 09:06 PM
#42
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Feb. 21 and Feb. 28 are tnt days track opens at 12 tnt begins at 1 until 5. Then on March 6 they go to Friday nights on out for tnt stuff. They have regular bracket races on Saturday night with one outlaw race a month this year the first weekend of each month starting in March just go to their web site for more info Prescottraceway.net they run a 1000ft on tnt days while the brackets and outlaw stuff are run on the 1/8 mile.
. Its going in to paint shop tomorrow though 
. Atleast I'm getting a rental car until mine is done.
02-04-2009, 06:59 PM
#44
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OK guys , there may be a light at the end of the tunnel on this roller coaster ride we have been on! I got word today that Ray White should have his funds by Friday. So, for now, we are back on again. As soon as I know any more I will let ya'll know. Thanks
02-04-2009, 08:40 PM
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Wilhites say it's back up for sale and it has been reposted on Racingjunk.com on Feb 2. I hope someone will buy it soon. I'm not spending any money on my two cars until something happens on the track
03-05-2009, 07:11 PM
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Looks like Ray Whitw, the guy that was buying RRR, is in deep ****! Here is why he didn't buy the track. I knew something was screwy about this guy.
SEC sues Mansfield man, son for alleged Ponzi scheme
12:00 AM CST on Thursday, March 5, 2009
By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews.com
The Securities and Exchange Commission sued a Mansfield man and his son Wednesday, alleging they ran an $11 million Ponzi scheme to fund the son's racing career and to buy real estate.
The civil case alleges that starting in April 2007, Ray White, 50, used his company, CRW Management LP, to persuade 250 people in 22 states to give him money. White allegedly told investors that he achieved high returns – as much as 30 percent – by investing in overnight foreign currency exchanges, the suit said.
But of the $10.9 million given to the elder White, just over $93,900 was invested into foreign exchange investments, the suit said.
Instead, the money went to pay for 22-year-old Christopher White's racing career and to buy replica car dealer Hurricane Motorsports of Arlington, which both Whites co-managed, the suit claims.
Numbers for Hurricane Motorsports had been disconnected Wednesday. Calls to homes for the Whites were not returned.
U.S. District Judge Ed Kinkeade has assigned Timothy Mack as the receiver for the assets. The judge also combined the SEC's case with a case against White's CRW Management filed Wednesday by the Commodity Futures Trading Commission.
According to the SEC suit, CRW charged some investors 10 percent or even 20 percent of their investment to participate in White's trading program.
He allegedly paid some investors back with money derived from new investors, a structure common in Ponzi schemes.
The elder White had told investors as recently as Jan. 24 that he had stopped investing in overnight currency markets because of "homeland security" issues and promised that investors would get their money back. No investor has received funds from the Whites since he stopped trading, the suit said.
Ray White bought a house, land, cars and Hurricane Motorsports with the money and paid $3.5 million to "third parties," the suit says. It seeks restitution, penalties and an order barring the two from similar actions.
The elder White isn't a registered broker and cannot sell securities, the suit said.
SEC sues Mansfield man, son for alleged Ponzi scheme
12:00 AM CST on Thursday, March 5, 2009
By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews.com
The Securities and Exchange Commission sued a Mansfield man and his son Wednesday, alleging they ran an $11 million Ponzi scheme to fund the son's racing career and to buy real estate.
The civil case alleges that starting in April 2007, Ray White, 50, used his company, CRW Management LP, to persuade 250 people in 22 states to give him money. White allegedly told investors that he achieved high returns – as much as 30 percent – by investing in overnight foreign currency exchanges, the suit said.
But of the $10.9 million given to the elder White, just over $93,900 was invested into foreign exchange investments, the suit said.
Instead, the money went to pay for 22-year-old Christopher White's racing career and to buy replica car dealer Hurricane Motorsports of Arlington, which both Whites co-managed, the suit claims.
Numbers for Hurricane Motorsports had been disconnected Wednesday. Calls to homes for the Whites were not returned.
U.S. District Judge Ed Kinkeade has assigned Timothy Mack as the receiver for the assets. The judge also combined the SEC's case with a case against White's CRW Management filed Wednesday by the Commodity Futures Trading Commission.
According to the SEC suit, CRW charged some investors 10 percent or even 20 percent of their investment to participate in White's trading program.
He allegedly paid some investors back with money derived from new investors, a structure common in Ponzi schemes.
The elder White had told investors as recently as Jan. 24 that he had stopped investing in overnight currency markets because of "homeland security" issues and promised that investors would get their money back. No investor has received funds from the Whites since he stopped trading, the suit said.
Ray White bought a house, land, cars and Hurricane Motorsports with the money and paid $3.5 million to "third parties," the suit says. It seeks restitution, penalties and an order barring the two from similar actions.
The elder White isn't a registered broker and cannot sell securities, the suit said.
05-05-2009, 01:52 AM
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Dont know how much truth there is in it but I was told last week that someone had purchased the track within the last few weeks. Wonder if someone could call Wilhite Electric and find out more info?
05-05-2009, 02:46 PM
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The track will be open by June 6th, maybe a little before that. They will be running heads-up racing only, index classes, and one outlaw race a month.
05-06-2009, 12:54 PM
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Track has been purchased by a local group and they are working on it as we speak. They have a event to run on June 6th. We are waiting for more info on index classes and if they will run the 1/8 or 1/4 mile.