from the business by funneling money into personal accounts and unrelated businesses he was also involved in.
Hynes and his three business partners in UFD were also equal owners of two other LLCs, Think Loud Development and 120 York, which aimed to renovate a blighted property located at 210 York St. in York. Although there was no operating agreement requiring Hynes to get approval for the Andretti deals at the time, court documents say Hynes still breached his fiduciary responsibility to the company. They added that the sponsorship led to UFD branding on Andretti Autosport operated Indycar race cars, paddock and garage credentials for Hynes, access to special hospitality events during Indycar races, and close access to the Andretti family.
However, Hynes controlled Think Loud Development, United Fiber & Data and 120 York at the time, and UFD and 120 York did not have the funds to take advantage of the grant, leading Hynes to take a private loan of just over $4 million. Court documents also say Hynes transferred hundreds of thousands of dollars to his personal accounts to pay off his credit card debt.