{"id":221286,"date":"2025-09-12T16:17:11","date_gmt":"2025-09-12T16:17:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/221286\/"},"modified":"2025-09-12T16:17:11","modified_gmt":"2025-09-12T16:17:11","slug":"he-lost-millions-on-a-terrible-car-movie-and-helped-crash-the-global-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/221286\/","title":{"rendered":"He Lost Millions on a Terrible Car Movie and Helped Crash the Global Economy"},"content":{"rendered":"<p class=\"article-paragraph skip\">The biggest car news and reviews, minus the BS<\/p>\n<p class=\"article-paragraph skip\">Our free daily newsletter sends the stories that really matter directly to you, every weekday.<\/p>\n<p class=\"pw-incontent-excluded article-paragraph skip\">Remember the aughts, when underground car culture was having a bit of a moment? It was the decade of <a href=\"https:\/\/www.thedrive.com\/news\/32850\/the-lost-and-the-furious-films-that-tried-and-failed-to-ride-the-fast-furious-wave\" target=\"_blank\" rel=\"noopener\">The Fast and the Furious, Torque, and Driven<\/a>\u2026 Man, remember Driven? I sure wish I didn\u2019t. I still see that flying manhole cover when I close my eyes at night.<\/p>\n<p class=\"article-paragraph skip\">But if Driven was bad, Redline was worse. And not only was it a spectacularly bad piece of cinema, it also had the benefit of being financed by one of the architects of the 2008 financial crisis: Daniel Sadek, the owner of Quick Loan Funding. <\/p>\n<p class=\"article-paragraph skip\">Sadek may not be the only Hollywood hopeful to ever lose $18 million making a $26 million movie, but he\u2019s alone in having destroyed both a <a href=\"https:\/\/www.thedrive.com\/news\/the-porsche-carrera-gt-shattered-its-nurburgring-record-thanks-to-modern-tires\" target=\"_blank\" rel=\"noopener\">Porsche Carrera GT<\/a> and a Ferrari Enzo in the process. Well, technically, it was Eddie Griffin who killed the Enzo, but who\u2019s counting, really? Certainly not anybody writing <a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/commercial-lending\/ninja-loan\/\" rel=\"nofollow noreferrer noopener\" target=\"_blank\">NINJA loans<\/a> in the years leading up to the Great Recession.<\/p>\n<p class=\"article-paragraph skip\">Redline\u2018s B-list cast might have made for a fun racing romp had anybody with a clue been in charge, but it\u2019s obvious that was not the case. From the convoluted plot to the lead role written just for Sadek\u2019s girlfriend, it should have set off enough alarm bells to send its production staff running in the other direction. But Sadek\u2019s money was good\u2014at least at first\u2014and his lending business was going gangbusters.<\/p>\n<p class=\"article-paragraph skip\">What could go wrong? As it turns out, the answer is \u201cjust about everything.\u201d<\/p>\n<p class=\"article-paragraph skip\">It wasn\u2019t just the two wrecked supercars that did it (the Carrera GT was crashed during filming; <a href=\"https:\/\/www.youtube.com\/watch?v=cNVrMZX2kms\" rel=\"nofollow noreferrer noopener\" target=\"_blank\">Eddie killed the Enzo at a promotional event<\/a>), but they certainly didn\u2019t do the already over-budget project any favors. <\/p>\n<p class=\"article-paragraph skip\">And lest you think we\u2019re being clickbaity with the whole financial crisis thing, Sadek\u2019s company was holding the paperwork for nearly $4 billion in subprime loans when the bubble burst. He even made Vanity Fair\u2019s list of the 100 to Blame for the 2008 Crisis. Granted, he only came in at #86, but his aggressive pursuit of unqualified loan recipients earned him the moniker \u201cPredator Zero.\u201d<\/p>\n<p class=\"article-paragraph skip\">He was so over-leveraged from bankrolling the movie that he was unable to cover the torrent of defaults, and it eventually cost him his business. <\/p>\n<p class=\"article-paragraph skip\">If you want the full story, watch our video embedded at the top. It\u2019s quite the ride.<\/p>\n<p class=\"article-paragraph skip\">Got a tip? Let us know at tips@thedrive.com.<\/p>\n<p>Byron is a contributing writer and auto reviewer with a keen eye for infrastructure, sales and regulatory stories.<\/p>\n","protected":false},"excerpt":{"rendered":"The biggest car news and reviews, minus the BS Our free daily newsletter sends the stories that really&hellip;\n","protected":false},"author":3,"featured_media":221287,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[171,53,76970,120414,67,132,68],"class_list":{"0":"post-221286","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-movies","8":"tag-entertainment","9":"tag-movies","10":"tag-sports-car","11":"tag-supercar","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115192230346698159","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/221286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=221286"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/221286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/221287"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=221286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=221286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=221286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}