April 30, 2025 — Rossburg, OH
In a shocking development that has rocked the motorsports community, Eldora Speedway General Manager Levi Jones has been suspended indefinitely following an internal investigation that uncovered a multimillion-dollar financial fraud scheme linked to his tenure.
Sources close to the matter revealed that irregularities in financial reports prompted an internal audit in March, which uncovered unauthorized transactions and misappropriated funds totaling an estimated $4.7 million. The fraudulent activity is believed to have spanned several months and involved inflated vendor contracts, falsified expense reports, and suspicious payments routed through shell companies.
Tony Stewart, owner of Eldora Speedway and former NASCAR champion, issued a brief but stern statement:
“Effective immediately, Levi Jones has been suspended from all duties at Eldora Speedway. We are cooperating fully with local and federal authorities, and will not tolerate any breach of integrity within our organization.”
Jones, a former USAC champion and widely respected motorsports executive, had only assumed the GM role in September 2024. His appointment was seen as a fresh start following the passing of longtime GM Jerry Gappens. His sudden fall from grace has left fans and insiders stunned.
The FBI and Ohio State Auditor’s Office have reportedly launched formal investigations into the alleged fraud. Eldora Speedway’s operations will continue under interim leadership as the case unfolds.
While Jones has not yet been charged, his legal team released a statement late Tuesday denying all allegations:
“Mr. Jones categorically denies any wrongdoing and intends to fully cooperate with the investigation. We are confident the facts will ultimately clear his name.”
The scandal comes just weeks before the annual Dirt Late Model Dream event, one of Eldora’s flagship races. Stewart has reassured fans that the event will proceed as planned, though security and oversight measures are being ramped up.
As the investigation deepens, the motorsports world watches closely — not just for justice, but for answers on how one of racing’s rising executives may have spun off track.
