JohnnyCNote
New member
I strongly suspect that after starting up, the owner resorted to a ponzi scheme to pay for current orders with funds collected for deposits on new orders. Also, he probably lacked the means to cover the costs of repairs and maintenance.
I recall that people sent in their amps at great personal expense, but they were never returned and the company’s owner became uncontactable. The last I was able to determine was that he was working at his family’s real estate firm near Silicon Valley.
I’m surprised he wasn’t prosecuted, as he apparently knowingly accepted payment for goods and services that he was unable to provide. He may have started with every intention of operating completely legally, but he ultimately was unable to continue to do so, and should have sold the company before he got too far over his head…
I recall that people sent in their amps at great personal expense, but they were never returned and the company’s owner became uncontactable. The last I was able to determine was that he was working at his family’s real estate firm near Silicon Valley.
I’m surprised he wasn’t prosecuted, as he apparently knowingly accepted payment for goods and services that he was unable to provide. He may have started with every intention of operating completely legally, but he ultimately was unable to continue to do so, and should have sold the company before he got too far over his head…
