****.
I bet you a second case of your favorite beer that the "big sponsor that fell through" is complete nonsense. This is a beach catamaran race we're talking about, not NASCAR. If he had a sponsor, he would of and should of said who the sponsor was to get some credibility back with the entrants. His silence admits it all - the sponsor was only a dream.
Many good, very well intended people do very bad...very illegal acts when they need something...Stealing is a very natural and self preserving act when you need money to pay your personal bills.
Obviously, the 2003 Worrell entrants helped Mike get through a tough time. Our $180k pulled him through and kept him and the wife fed for a few months.
It is interesting to note that the federal bankruptcy courts in Virginia don't list Coastal or Worrell Inc. or Mike Worrell. So at least we kept the deadbeat from total and complete bankruptcy. At the very least he could call each team and thank us for the $5,000.00 "gifts."
Whoops, I mean "income" to Mike Worrell. I'm sure that Mr. Worrell filed the appropriate tax returns with the State of Virginia and the IRS in 2002 and 2003 to reflect the $180k in income.
Please forgive my rant, but for God's sake try to be intellectually honest and keep the bleeding heart theories to yourself.
Thanks,