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Reply to "VS Arizona Bankruptcy? - Big Rumors Floating Around Today"

Mike M's question is a good one, how many deposits, indeed? Yes I can attest this is so. I put down my deposit 3 years ago, we put the project on hold at the height of covid, then I told Matt to go ahead and build 1+ year ago. All I've heard since are inventive excuses. Being here in Scottsdale I've been able to drop by...a few weeks ago they were still in operation but in the last week Sam has not been answering the phones, I dropped by today to find a ghost town, save for a couple of unfortunate customer cars now locked in the showroom. And of course Matt has gone silent. Also interesting to note that Matt moved back to Minnesota months ago, which fits with an attempt to insulate himself from liabilities and potential criminal charges. His comments in his email speak to how HE is personally ruined by this bankruptcy (I saw that email this morning)...this has been a slow-moving train wreck and Matt obviously is not surprised by the result (as evidenced by his move). This whole thing speaks to fraud ("3300 cars built to date") and possible Ponzi scheme (new customer deposits to keep the doors open). I know from Sam and Matt they were delivering 5-6 cars/month in better times but that's been squeezed to 1-2/month recently, what with parts shortages (and maybe not able to finance parts purchases). While at the abandoned shop today I ran into another aggrieved party who has filed a police report with the Goodyear Police and also filed w/ the AZ Atty General's office. I am about to do the same and I'd recommend that to all other victims. We should also share our experiences with each other, compare notes and possibly pool resources - we may or may not recover any funds but at a minimum this should be properly dealt with legally. ...and all I ever wanted was my car!

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