British banker in U.S. court after speeding in £140k Lamborghini during 'Cannonball Run' race

// World | British banker in U.S. court after speeding in £140k Lamborghini during 'Cannonball Run' race
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By Paul Thompson
Last updated at 9:34 AM on 16th June 2010


A British financial expert has been arrested after taking part in a ‘Cannonball Run’  race in the US.

Spencer Lodge was pulled over by traffic police travelling at more than 100mph in a Lamborghini Spyder sports car.

The 40-year-old was among 27 others taking part in an illegal 550-mile race from New York to Montreal in Canada in a fleet of hired sports cars worth over £2million.

In the dock: Spencer Lodge, left, at Chittenden Court in Vermont

In the dock: Spencer Lodge, left, at Chittenden Court in Vermont

Speed fan: Spencer Lodge, left, with his lawyer after leaving court in Vermont

Speed fan: Mr Lodge, left, leaves court with his lawyer after being fined $881

Lodge, who works for the UAE-based financial specialists De Vere Offshore, told police he had won the £140,000 Lamborghini as a prize for being the top salesman in the company.

He and 14 others had hired the luxury cars in New Jersey and planned to race to Montréal in Canada to attend the Formula One Grand Prix last weekend.

Lodge told a court in Vermont they had based their cross country adventure on the ‘Cannonball Run’ - a 1981 film on a high speed race starring Burt Reynolds.

Police were tipped off about the sports cars by other drivers as they raced from Boston to the Canadian border.

Hot wheels: A Lamborghini Spyder like the one Lodge was caught doing 104mph in

Fast: A Lamborghini Spyder like the one Lodge was caught doing 104mph in

Race route: Lodge was driving 550 miles from New York to Montreal, Canada

Race route: Lodge was driving 550 miles from New York to Montreal, Canada

Lodge was pulled over after a dashcam camera clocked him going at 104mph, more than 30mph over the legal speed limit on a U.S. motorway.

During a court appearance in the town of Colchester, Vermont, Lodge pleaded guilty to speeding.

Inspiration: Cannonball Run's Burt Reynolds

Inspiration: Burt Reynolds who starred in the 1981 race movie Cannonball Run

He told the court the race had been organised by his company with the prize of a holiday in the U.S. as the first prize for the best salesmen.

The group had planned to stay at luxury hotels on their cross country drive.

He was fined $881 after pleading guilty and left the court in a people carrier driven by a friend.

He refused to make any comment outside the courtroom.

Other cars taking part in the illegal race included Porches, Ferraris and Maseratis.

‘We're just really afraid this would result in tragedy. In this case, tragedy was averted,’ said Liutenant Bob Stebbins of the Chittenden County Sheriff's Department.

Police say more charges could be coming against other ‘Cannonball Run’ participants.

DeVere Offshore boast that they are the largest independent financial experts in the world managing assets of over £5billion for 50,000 clients.

The company has offices worldwide, including in London and New York.

 

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Of course it could end in tragedy. What irresponsible idiots. More money than sense.

- diana, Geneva, 16/6/2010 11:16

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So what? I'm sure there are 1000s of people caught for exceeding speed limits every day around the world. Where is the news here? Oh, sorry, it says 'banker' i.e. evil personified, so that's OK then.

104mph in a car like that is hardly warp-speed and only dangerous if road conditions were poor, which the article conveniently ignores. Along one of those wide US roads it wold feel like walking pace. 'We're just really afraid this would result in tragedy. In this case, tragedy was averted,' said Liutenant Bob Stebbins of the Chittenden County Sheriff's Department. What absolute tosh!

- micko, Manchester, UK, 16/6/2010 11:11

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A man getting a speeding ticket is NOT news...

- Jedsy, Worcester, 16/6/2010 11:04

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Oh what a surprise a bunch of cowboys acting like a bunch of cowboys.

- GC, Poole, Dorset, 16/6/2010 11:02

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i have nothing but contempt for people like this. The gumball rally is an offensive glorification of inadequate little boys putting themselves above the law as they put innocent people at risk for their pathetic, immature kicks.

- smdt, LDN, 16/6/2010 10:50

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Firstly he is not a banker hence the company not being a bank but a financial advisory
Second point:That car was hired and not given to him as a prize for being top salesman.
Third point:He is in fact the director of the company so therfore has no personal sales to speak of.
Fourth point:de vere have no offices in New York .
People need to realise that bankers working within the invesment banks get paid millions in bonuses. de Vere simply rewarded their consultants with a trip to the states for ongoing contributions through what has been a hard couple of years with current market conditions.The trip I would estimate cost about 10,000 GBP per person, certainly no where near a million dollars.
I would ask every single person who reads this artcile to ask yourself an honest question.Do you ALWAYS stick to the speed limit?I bet the majority of people do not !

- JDT, UK LONDON, 16/6/2010 10:47

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