Last updated at 9:34 AM on 16th June 2010
A British financial expert has been arrested after taking part in a â€˜Cannonball Runâ€™Â 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 Â£2million.
In the dock: Spencer Lodge, left, at Chittenden 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 Â£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 MontrÃ©al 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 â€˜Cannonball Runâ€™ - 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.
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
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: 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.
â€˜We're just really afraid this would result in tragedy. In this case, tragedy was averted,â€™ said Liutenant Bob Stebbins of the Chittenden County Sheriff's Department.
Police say more charges could be coming against other â€˜Cannonball Runâ€™ participants.
DeVere Offshore boast that they are the largest independent financial experts in the world managing assets of over Â£5billion for 50,000 clients.
The company has offices worldwide, including in London and New York.
Share this article:
Here's what readers have had to say so far. Why not add your thoughts below, or debate this issue live on our message boards.
The comments below have been moderated in advance.
Of course it could end in tragedy. What irresponsible idiots. More money than sense.
- diana, Geneva, 16/6/2010 11:16
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
A man getting a speeding ticket is NOT news...
- Jedsy, Worcester, 16/6/2010 11:04
Oh what a surprise a bunch of cowboys acting like a bunch of cowboys.
- GC, Poole, Dorset, 16/6/2010 11:02
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
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
The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Headlines Newsview all
A 35-year-old man, Yinka Offehin, is battling for his life at a private hospital in Lagos State after his scrotum was cut by the children ... Full story
Less than 7 days after the death of a Liberian Health Official who came to Nigeria for a conference, another case of Ebola infection has ... Full story
Rate this article
- Warri Pastor Arrested After Holy Water Kills Two
- Anita Joseph - Though My Body Is Hot, I Don’t Flaunt It
- Health Workers In Ogun State On Red Alert To Prevent Ebola Spread
Controversial Nollywood actress, Anita Joseph, is not happy with people who accused her of intentionally exposing her body on social media. The well endowned actress who ... Full story
--and the most trending Nigerian celebrity topic on StumbleUpon.2014 is the year of the Nigeria Centenary and since Amalgamation of the Northern and Southern Protectorates ...
My Dear Bros,I am tired of you whining about your girlfriend. What is it that you want? What are your expectations? She grew up in ...
Gentlemen of the Press,We are highly disturbed and disgusted by the recent information circulating in the media over alleged receipt of money by the leadership ...
Michael Stephens Ugochukwu better known as Ruggedman, has disclosed that he loves Chidinma, winner of MTN Project Fames season three.The rapper made this announcement while ...
Few weeks ago, after the 40 year old Liberian, Mr. Patrick Sawyer was quarantined after he arrived Lagos, Nigeria with symptoms of the Ebola virus ...
A selfie posted by Nollywood actor, IK Ogbonna, may have landed him trouble due to what looks like him placing his hand on the milk ...
A former staff of Wazobia FM, Matse, who later moved to Nigeria Info radio station in Lagos, but got fired afterwards, has showed off her ...
Sons of popular Yoruba actor, Femi Adebayo are marking their birthdays today, Wednesday, July 30, 2014. The handsome son of veteran Nollywood actor, Adebayo Salami, ...
Recently, son of Pastor Matthew Ashimolowo of the Kingsway International Christian Centre (KICC), Tomi Michael, got married to his sweetheart, Jeneba Kamara. The event held ...