Court: M.D. Florida

Case: 6:22-cv-00652

On April 1, 2022, $LGBCOIN shareholders filed a class action against LGBCoin Ltd. and its promoters, accusing them of falsely promoting a NASCAR-backed cryptocurrency and orchestrating a pump-and-dump scheme.

What is this lawsuit about?

On January 5, 2022, NASCAR publicly denied approving LGBCoin’s sponsorship of Brandon Brown’s racing team—contradicting LGBCoin’s earlier claims. This announcement followed weeks of celebrity-driven promotion and helped expose a broader scheme to inflate the token’s price.

Following this, $LGBCOIN plummeted, leaving investors with near-worthless tokens.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify $LGBCOIN investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.

NASCAR teamed up with Chevrolet and Hendrick Motorsports to field the Garage 56 special entry class at the 24 Hours of Le Mans in 2023. NASCAR CEO Jim France wanted to fund an entry operated by Chevrolet team Spire Motorsports for the July Cup Series race at Sonoma Raceway, again, leaving Toyota and Ford on the sidelines.

On the surface, it looks like the two manufacturers are getting the short end of the stick from NASCAR. Dale Earnhardt Jr. said on Tuesday’s “Dale Jr. Download” that he wouldn’t be surprised if they were upset about both of those occurrences.

“Toyota and Ford are always going to look for something to complain about,” Earnhardt said. “… You’re telling me that if Jim France had went to another Toyota team or another Ford team, they would have accepted that opportunity?”

Ultimately, France’s plan to financially support a Spire entry never came to pass. France was set to work with Spire to put Jack Aitken, a 29-year-old IMSA driver, in the race. Aitken races for a France-owned team in the sports car series. Jeff Gluck and Jordan Bianchi of The Athletic reported that “backlash in the garage over the perception of another high-profile conflict of interest in motorsports ownership led him [France] to scrap the plans.”

NASCAR’s Jim France wanted to fund Cup Series entry at Sonoma

Gluck and Bianchi added that the original plan was to field a Hendrick car. However, the four-car limit prevents Hendrick from fielding a fifth car, even an open car. Spire has a Hendrick alliance and appeared to be the next best thing. Earnhardt is relieved that France decided to discontinue the plans.

“I wouldn’t necessarily think it’s a good thing,” Earnhardt said. “That’s the type of thing, for me, that needs to be grandfathered in. It’s like the four charters versus teams can only have three. Had Jim France and his family always owned cars for all of these decades of NASCAR, then you grandfather that in. And if that ever ended, you’d just be done with it. At this point, it just doesn’t feel like it’s very productive to do it now. Jim doesn’t need to do it. It’s not like a viable business proposition or opportunity that I think is necessary as a businessman to do it.

“It’s like a here’s a fun thing on the side, we’ll get a guy and he’ll race. Kind of one of those fun things you want to do with your buddies. But it’s not necessary because the dude owns the sport. So, what he might have could have done is shield his involvement. He probably still could have gotten Jack Aitken in a Spire car, still got him on the racetrack and shielded his involvement or his connection to Jack and the partners that would support this program.”

On3’s Jonathan Howard contributed to this report.

The 12th edition of the popular American SpeedFest at the Brands Hatch Indy Circuit roared to life on Friday with Free Practice for both NASCAR Euro Series divisions. Liam Hezemans topped the combined times in PRO with a strong performance for Rette Jones Racing, while PK Carsport’s Thomas Krasonis led the way in OPEN. The day was marred by a violent crash for Thomas Dombrowski, whose #24 Chevrolet Camaro suffered a technical issue and flipped three times after slamming into the tire barriers at Paddock Hill Bend. The Frenchman exited the car under his own power and, after an initial check at the track-side medical center, was sent to hospital for further evaluation of his leg.

NASCAR GP UK LINKS: INFO & TICKETS | SCHEDULE | ENTRY LIST | LIVE TIMING | WATCH LIVEPRO: Just a few centimeters

Liam Hezemans was the driver to beat on Friday at Brands Hatch, setting the pace in both free practice sessions at the legendary Indy Circuit. The Dutchman clocked a blistering lap of 48.901 seconds behind the wheel of his #30 Rette Jones Racing Ford Mustang, edging out Gianmarco Ercoli of Alumitec Racing by just 0.035 seconds. Ercoli, a former PRO winner at Brands Hatch in 2018, showed strong early pace on a track he knows well. Hezemans’ lap not only topped the combined timesheets but also secured him the fastest time in the Junior Trophy classification.

Thomas Krasonis also impressed for PK Carsport, finishing third and only 0.079 seconds off the top time. Sebastiaan Bleekemolen and Fabrizio Armetta followed in fourth and fifth, with just 0.140 seconds covering the top-5 positions in a tightly contested session. British fan favorite and 2024 OPEN race winner Jack Davidson used his home-track experience to slot into sixth place, just ahead of Martin Doubek and young gun Bruno Mulders. Mulders adapted quickly on his first weekend as a double duty competitor after his surprise PRO debut on Round 04 in Italy.

Max Lanza led the way in the Challenger Trophy in ninth, while Claudio Cappelli completed the top-10. Garrett Lowe ended the day in 11th, just ahead of reigning EuroNASCAR PRO champion Vittorio Ghirelli, who was sidelined for the second session following the heavy crash of his teammate Thomas Dombrowski in the OPEN division.

The day wasn’t without more drama. Paul Jouffreau suffered a major setback when the engine let go on his #3 RDV Competition Ford Mustang. With teammate Patrick Schober also missing valuable track time, the French squad faces a steep climb heading into Saturday. But in EuroNASCAR, anything is possible and the duo is hoping to turn their misfortune into the beginning of a remarkable comeback story.

OPEN: Race winners led the charge

Two drivers have won the races in OPEN in 2025 so far: Thomas Krasonis and Martin Doubek. After two practice sessions at Brands Hatch, both drivers became the leading pace setters heading to Saturday’s OPEN qualifying. Doubek was the early leader with his first lap time of 49.265, but the reigning champion was beaten by his new fierce rival Krasonis in the second Practice session. Krasonis clocked a quick lap of 49.030 that put the PK Carsport driver on top of the combined timesheets.

Mulders utilized the extra track time that he got by doing double duty to great effect in OPEN. The Team Bleekemolen driver was third fastest with only two tenths separating him from Krasonis. The young Dutchman was also the quickest in the Master Trophy. Thomas Toffel rebounded from his crash in Italy to become the fourth fastest pilot ahead of Melvin de Groot – the leader in the Legend Trophy class.

A fast American hotshot puts his name on the board with an impressive sixth place result. Jordan O’Brien quickly got up to speed and found himself faster than experienced veteran Claudio Cappelli and the returning Matthew Ellis. O’Brien and Ellis completed the top-3 positions in the Master Trophy, while Cappelli was second fastest in Legend Trophy behind his rival de Groot.

Valentino Gambarotto and Roberto Benedetti rounded out the top-10 results, with the latter trailing de Groot and Cappelli in the Legend Trophy battle. Michael Bleekemolen in 13th position returns to OPEN as a substitute for Gil Linster, who is absent due to health issues. Fellow debutants Davide Frulio and Mike Wise familiarized themselves with the Brands Hatch Indy Circuit and ended up 16th and 20th fastest respectively.

Thomas Dombrowski was involved in a violent crash at Paddock Hill Bend during the OPEN Free Practice 1 session. Technical issues forced him into the tire barriers and three flips. The Frenchman was able to leave the car under his own power. He was checked in the track-side medical center, released and sent to hospital for further evaluation of his leg. The driver is alert and in good spirits.

Saturday’s action begins with the traditional Qualifying sessions at 09:50 CEST, followed by the races from PRO and OPEN at 13:55 and 17:25 CEST respectively. With tens of thousands of fans expected to attend the event, the pressure is on for drivers and teams to maximize their results in front of the raucous British race fans. Tune in to the action from EuroNASCAR’s YouTube channel and TV channels all around the world.

NASCAR Euro Series PR

Fresh off a dominant performance at Shakedown XXII at M-Town at US 131 Motorsports Park, Jeff “The Sheriff” Rudolf joined The Wes Buck Show to reflect on the weekend, break down the key moments of his Pro Mod victory, and share plans to compete at the NHRA U.S. Nationals.

“I told you a couple years ago, Wes — there’s a new sheriff in town,” Rudolf joked, channeling his signature swagger after securing the $20,000 win at one of the biggest independent races of the year.

Rudolf rolled through a stacked field of 25 Pro Modified entries in the combined Mid-West Drag Racing Series and Radial Outlaws event, which was broadcast live on FloRacing. He was quick to credit his team’s consistency, the track crew’s prep efforts, and standout tuner Brandon Stroud.

“We made every single lap,” said Rudolf. “We shook the tire one time in Q3, and that was only because we tried to swing for the fence. We were already sitting fifth. Brandon’s like, ‘Listen, if it makes it five feet, we’re in good shape.’ It didn’t make it five feet.”

Despite the aggressive tune-up early on, Rudolf’s car came alive when it counted. In addition to taking the win, he recorded low ET of the event with a 3.596, top speed at 208.24 MPH, and best reaction time at .023.

“Round two, I think I had a .03 light,” he said. “I told Brandon to pull five out of the box. He pulled ten and didn’t tell me. That last round, we ran a .024 light. He goes, ‘That was actually a .014.’ We’ll still take it.”

The win marked a career highlight for Rudolf, but he made it clear he’s not done yet. He revealed that his team is building a new Precision Built Race Cars Camaro — “Ghetto Sleigh 2” — with intentions to debut it at the NHRA U.S. Nationals in Indianapolis, just miles from his home.

“We’re building one, and the plan is to run it at the U.S. Nationals,” said Rudolf. “If it’s not done, we’ll be in someone else’s car. Either way, we’ll be there.”

As one of the more colorful characters in Pro Mod, Rudolf embraces the entertainment side of the sport. From his nickname “The Sheriff” to his viral front-end man, Shooter mimicking an aircraft carrier launch, he knows fans connect with personality as much as performance.

“You’ve always preached it’s the person, not the car,” said Rudolf to Buck, who won the second chance Pro Mod shootout at WSOPM in 2024. “I think it’s both. You gotta have a little of both.”

Looking ahead, Rudolf plans to continue with MWDRS while also maybe hitting PDRA events and possibly the Drag Illustrated World Series of Pro Mod this winter. For now, his sights are firmly set on Indy — a bucket list race that’s been years in the making.

“It’s two miles from my house,” he said. “That’s a no-brainer.”

This story was originally published on June 5, 2025.

Thursday, news broke that the U.S. Court of Appeals plans to overturn the preliminary injunction that allowed 23XI Racing and Front Row Motorsports to compete with charters while suing NASCAR over the 2025 Charter Agreement. Should the ruling go uncontested, it will take effect on June 26th and both teams will lose their charters ahead of the Atlanta race weekend, but what does this mean? We’re here to explain it all.

Contracts voided, qualify on time, and loss of income

The most glaring issue involves guaranteed grid spots. Chartered teams are guaranteed a spot on the grid each week while Open teams have to qualify on time. However, only one race this year has had more than a full field of entries, sending cars home (the Daytona 500). The Coca-Cola 600 was the only other race that reached the cap for field size with 40 cars starting.

Open teams will not benefit from the financial aspect of the Charter Agreement either, meaning that they will earn far less money than chartered teams every race weekend, regardless of where they finish. Part of that is revenue from NASCAR’s multi-billion dollar broadcasting deal, and only Chartered teams get a slice of that pie. While exact figures aren’t made public, it’s clearly several million dollars.

As pointed out by 23XI/FRM attorney Jeffrey Kessler, this will also compromise and void contracts with sponsors and drivers. Drivers such as Tyler Reddick can move to other teams while sponsorship deals that were locked in will suddenly be in jeopardy. There are clauses in some contract that nullify any previously existing agreements. 

With no charters, teams will have to rely heavily on sponsorship dollars and in the case of 23XI, funding from team co-owner Michael Jordan. In this situation, things would likely be tighter for a FRM team owner and restaurant entrepreneur Bob Jenkins. Either way, they will surely be operating in the red as even chartered teams have spoken about struggling to make a profit due to the cost of business. 

Michael McDowell, Front Row Motorsports Ford; Tyler Reddick, 23XI Racing Toyota

Photo by: Jeff Robinson/Icon Sportswire via Getty Images

Now, what it does not have an impact on is the championship. The points system is identical for both open and chartered entries. Open teams are eligible to compete in the playoffs and run for the championship. And if an open team fails to qualify for a race but is competing full-time, they do not need a playoff waiver because they attempted the race.

This won’t compromise on-track speed other than being a possible distraction, but an open entry hasn’t won a Cup race since Shane van Gisbergen’s 2023 victory in the Chicago Street Course race in Trackhouse’s Project 91 entry.

Contrary to what some mistakingly believe, losing charters does not mean a team will lose their car numbers. Charters are numbered, yes, but that is not tied directly to actual car numbers. 

What becomes of the charters

Another interesting question in this specific scenario is what becomes of the six charters the teams now hold. If this ruling holds, NASCAR could choose to just run with 30 charters, increasing the payout for the remaining teams. 

However, no one is sure what will happen in the case of the charters that helped create the third teams for both 23XI and FRM. They each purchased a charter from Stewart-Haas Racing at the end of the 2024 season, a team that has since shut down. The deal only went through because 23XI and FRM used the courts to push it through. These charters cannot be returned to SHR because SHR doesn’t exist. Gene Haas continues to race, but only as a single-car team in the Cup Series.

NASCAR driver Kyle Busch has put his 35-acre estate in Cleveland, North Carolina, on the market for $4.5 million. The expansive property features multiple off-road tracks, as well as luxury amenities across a custom-built 15,000 square-foot barndominium.

The property boasts four bedrooms, six full bathrooms, and two half bathrooms. The racing-focused amenities make it particularly appealing to motorsports enthusiasts. It features underground garages, private fuel storage facilities, and multiple off-road tracks that weave through the trees and into the open air.

The 40-year-old driver shared the listing on social media, writing, “We love this piece of land and the amazing barndominium but right now we just don’t have enough time to spend there. We can’t wait for someone to love it as much as we have!”

Busch and his family bought the estate in 2023 from the Deegan family, who are also heavily linked to the motorsports world. Brian Deegan, a professional motocross rider and racing driver, and his family including Hailie Deegan, who previously raced in NASCAR and is currently racing in IndyNXT, built the property in 2020 after relocating from California.

This comes after the Richard Childress Racing driver signed a contract extension with the team, which will see him in the No. 8 Chevrolet through the 2026 NASCAR Cup Series season. 

Commenting on the new contract, which was announced on 24 May, 2025, Childress explained that, “This has extended our contract out another year, and we’re really excited. You know, Kyle has been great to work with. Everybody had questions going in. I love a driver that (doesn’t) like to lose, and we’ve worked hard. We’ve got some exciting things coming up.

“He and I are both alike in one area that we don’t like to lose; we want to win races. I still think that Kyle will win him a championship, and we want it to happen at RCR and that’s our plans. We got a lot of new things coming. This car is a lot different. It’s so engineer-driven that we’re stepping our engineering up more, and I’m excited about the future.”

Kyle Busch, Richard Childress Racing Chevrolet

Photo by: Sean Gardner / Getty Images

“I give a lot of credit to Richard and him believing in me and giving me the opportunity to be able to come over here and have a chance to drive his car,” Busch added. “So for me, rewarding him with that and having the success on the race track is paramount. Being able to continue on when I first joined, I feel like there were some things that we were doing within the rules at that time that got us some extra speed, and then, there was definitely some things that came down that they didn’t like us doing.

“So that’s sort of where we’ve lost a little bit if people are wondering, why have we not been able to win like we did in the first 16 races. It’s just a matter of being able to continue to work with the people that are there. It’s a great culture. I enjoy working there. I fit in well there. They enjoy having me there.”