The inaugural America's Cup World Series were held between 2011 and 2013 in the lead up to the 2013 America's Cup. They were raced in AC45 catamarans. The competition was rocked by a cheating scandal in which Oracle Team USA had made an unauthorized modification by using additional ballast. The team withdrew from the competition on 8th August 2013. Penalties imposed included expelling three team members, a $250,000 fine, and a one-point penalty for each of the first two races of the Match in which they would otherwise score a point. This also affected boats on loan to Ben Ainslie Racing and HS Racing, which withdrew from the competition. After reallocating points, overall winner for 2011/2012 was declared to be Team New Zealand, and for 2012/2013 it was Luna Rossa Piranha.