Hong Kong man lies about F1 team ownership says ForbesForbes, the renowned American business publication, has savaged a so-called billionaire who claims to be involved in Formula 1. And just before Christmas, Lo claimed to be in talks with a number of teams and drivers . Additionally, Forbes writers Robert Olsen, John Kang and Zinnia Lee report that Lo claims to be an investor in the legendary Williams Formula 1 racing team . They say Lo claims to have invested $100 million in the team's owner Dorilton Capital. A source at Williams, however, said no one at the Grove based team even know who Lo is .

Source: Forbes August 03, 2023 15:43 UTC