Once the largest drag racing sponsors, Torco Race Fuels is now controlled by a court-appointed receiver.
According to the Kalamazoo Gazette, Robert Seely has been given the
daunting task of sorting through what many describe as a colossal mess.
Seely, of Kalamazoo, Mich., is currently fielding proposals for the
sale of all parts and assets of Evan Knoll’s Decatur, Mich.-based
business.
Court records, according the Kalamazoo Gazette, tell the story of why
IRS agents raided the company headquarters, and reportedly Knoll’s
personal residence to seize financial records.