Riverside Motorsport Park CEO exposed
John Condren, chief executive of Riverside Motorsports Park, has billed himself as a skilled corporate executive and entrepreneur who's launched, managed and sold companies successfully across the country and around the world.
But a Sun-Star investigation into Condren's past has revealed another picture of the businessman who has promised to build a quarter-billion-dollar racetrack complex that could change the face of Merced County. It's marked by bankruptcies, failed businesses and unpaid debts.
Some of the claims Condren has made about his past, as posted in a profile that appeared on RMP's Web site, are either embellished or false, the Sun-Star has found. The profile was altered to correct some of the inaccuracies on Wednesday, after inquiries from the Sun-Star.
The investigation found:
Condren has twice filed bankruptcy, most recently in 1996.
RMP's Web site claimed Condren holds an "advanced degree in international business marketing." He has a bachelor's degree in management.
Condren's Web site biography claimed he started a software development company that he later sold to become a $75 million division of another company. The founder of the company Condren claims to have sold it to says that never happened. Instead, he says Condren helped him market a 1-900 telephone sex line.
A former Mormon bishop said Condren was excommunicated from the Mormon church in Nauvoo, Ill., in part because of complaints from other church members about Condren's business dealings.
RMP's Web site says one of Condren's companies won a $60 million contract from the U.S. Department of Energy. A spokesman for the DOE lab that entered into the agreement with Condren's company says Condren never completed any of the work, and ultimately his company's proposal for the project was rejected. More at Merced Sun-Star