Tax-Troubled Car Collector Gives Away Five Late Model Camaros

If you ever decided to sell off a large portion of your high-end car collection, you’d better remember to pay your fair share of the taxes – or it could end up costing you even more in the end. This story that we recently picked up from Jalopnik tells of the woes of Mark Pieloch, a Nebraska businessman and owner of Pharma Chemie (producer of nutritional supplements for animals), who was busted by the state of Nebraska on felony tax evasion charges after he sold 150 vehicles from his private collection and committed “willful avoidance of sales tax” on the cars.

Now a year later, Peiloch is still fighting those charges, which he says have cost him in excess of $900,000. But rather than selling off more cars from his collection to help pay his hefty tax bill, Mr. Peiloch is reportedly giving away five late model Camaros as gifts to employees of his company’s largest supplier. The cars are said to be gifts for the five longest tenured employees of Vedco, for years of dedicated working relationships with Peiloch’s Pharma Chemie. The Camaros are a 1989 Coupe, 1990 IROC Coupe, a 25th Anniversary Edition, a 30th Anniversary Edition, and a 35th Anniversary Edition LS1 4th Gen.

The folks at Jalopnik report that Peiloch could be getting rid of more cars from his collection to make it easier to move his family away from the troubles they face in Nebraska.