A demolition derby pyramid scheme?
LYONS, N.Y. — (AP) Authorities said an upstate New York man angry with his wife used a backhoe to demolish more than two dozen demolition derby cars. The Wayne County Sheriff’s Office said 29-year-old Michael Fagner caused about $40,000 damage to 30 cars parked at a business in Savannah, 30 miles west of Syracuse.
Police said he used the backhoe’s bucket to crush most of the derby-ready cars and flip over one vehicle Friday afternoon. Deputies said the backhoe belonged to the business.
Authorities say Fagner believed someone at the business was having an affair with his wife.
Fagner was charged felony criminal mischief and later released on $5,000 bail. Fagner’s phone number wasn’t listed. Prosecutors didn’t know if he had a lawyer.
Rocky wonders exactly what happens when a “demolition derby” car is demolished before the derby? Will anyone notice the difference? How does one calculate the damage amount at $40,000? Does one carry collision insurance on demolition derby cars? If the perp had stacked the cars vertically, would that have been a “pyramid scheme?” And, if bail is set at $5,000 on a $40,000 loss, then Madoff’s bail should have been $6.25 million instead of the original $10 million.