Ups & Downs
Ups & Downs
UP: To Team Obsolete boss Rob lannucci, for giving credit where credit is due. In writing the foreword to Mark Gardiner’s new book, Classic Motorcycles, lannucci claims, “Cycle World magazine ruined my life,” then goes on to explain how an old 1962 Matchless G50 road test inspired his lifelong passion for collecting: “Classic motorcycles are different things to different people...each of us was introduced to the sport for different reasons, under different circumstances. For me, it was Cycle World." Hey, Rob, you’re welcome.
DOWN: To would-be Indian revivalist Philip S. Zanghi, for not shutting up and taking it like a man. Convicted on 23 counts of securities fraud, tax evasion and money laundering, the man who bilked investors out of more than $800,000 argued on his own behalf at the sentencing hearing, claiming to the end that his bogus stock would one day pay big dividends. “Victims? What victims, your honor?” Zanghi beseeched the judge. Columnist Paul Marks of the Hartford Courant comments, “It seems incredible the man could convince anyone of anything. Serving as his own advocate, without even a good amateur’s grasp of legal procedure, Zanghi was a pathetic pushover in court...How could anyone take one look at Zanghi and see anything other than a world-class charlatan?” The judge apparently agreed, packing Zanghi off to prison for seven and a half years.
UP: To Trackmaster Racing Frames, for getting back on track. Following founder Ray Hensley’s death last year after a long bout with cancer, son Steve has teamed up with vintage racers Gary Davis and Rick Cresse to continue production of the classic dirt-track frames. For more info, contact Trackmaster, 27820 Fremont Court, Unit 3, Valencia, CA 91355; 805/295-7100.
