As bad as USf1 was, Stefan was apparently worse:
Stefan GP finances unveiled
Recent uncovered details about the parent company of Stefan GP have revealed just why the FIA may have denied the team a grid slot for 2010. With its financial detail unveiled and dubious claims unraveled, the business looks like a fraud, rather than an F1 team owner.
Zoran Stefanovic, the team's owner and apparent investor, owns a Serbian engineering company named AMCO. Before supporting Stefanovic's Formula One foray Stefan GP, Cologne based Toyota Motorsport was told AMCO was involved with space and military technology.
AMCO claimed it worked with Germany's Federal Defence Force (Bundeswehr) on flight drones and contributed to the European Space Agency's orbit launch rocket Ariane 5. In fact web pages were set up to popularise this belief.
"After consulting with the system manufacturers of the drones KZO and LUNA we can confirm that in the Bundeswehr product there are no technologies of the Serbian company AMCO," said a spokesman of the German defence department Bundesamtes fur Wehrtechnik und Beschaffung to Express.
Furthermore, the financial situation of AMCO also came to light by consulting the Serbian company registry. It appears there that AMCO Corporation is a limited liability company, founded on 14/03/2008 with a capital of 500 euros (80% for Zoran Stefanovic and 20% for Vuk Stefanovic).
Going further, the company that totals one single employee, realised 3315 Euro in 2009 and a net result of 42.7 Euro.
Considering these claims, it may come to no surprise why Stefan GP was not allowed an entry into 2010.
http://www.f1technical.net/news/14333My 1099/sidework business did better than AMCO last year. Wonder if I can buy an f1 team