FBI conducts investigation at Rahal Letterman Lanigan Racing HQ

What happened?

On Wednesday, September 14, 2022, the FBI conducted a search of Rahal Letterman Lanigan Racing's headquarters in Brownsburg, Indiana. The search was reportedly part of an ongoing investigation into potential financial improprieties at the team.

Rahal Letterman Lanigan Racing is a professional auto racing team that competes in the NTT IndyCar Series. The team was founded in 1992 by Bobby Rahal, David Letterman, and Mike Lanigan. The team has won 10 IndyCar races and two IndyCar championships.

What is the FBI investigating?

The FBI has not released any information about the specific nature of the investigation. However, sources close to the team have said that the FBI is looking into potential financial improprieties, including possible money laundering and tax evasion.

The FBI's investigation is still ongoing. It is not clear when the investigation will be completed or what charges may be filed.

What does this mean for Rahal Letterman Lanigan Racing?

The FBI's investigation is a serious matter for Rahal Letterman Lanigan Racing. If the team is found to have engaged in financial improprieties, it could face severe penalties, including fines, suspensions, and even loss of its racing license.

The team has not commented on the FBI's investigation. However, the team has said that it is cooperating fully with the investigation.

What is the impact on the NTT IndyCar Series?

The FBI's investigation of Rahal Letterman Lanigan Racing is a black mark on the NTT IndyCar Series. The series has been plagued by financial problems in recent years, and the FBI's investigation is another sign that the series is struggling.

The NTT IndyCar Series is one of the most popular auto racing series in the world. However, the series has been struggling in recent years to attract new fans and sponsors. The FBI's investigation of Rahal Letterman Lanigan Racing is another blow to the series.