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I am also a victim of false advertising, misrepresentation, breach of contract and fraud. This company is fraudulent and deserves to be penalized just like those of us who paid a deposit. Matt is a liar and a cheat, he never intended to deliver my car or others, his excuses are many, however, the fact remains he needs to be brought to justice. I am pursuing that avenue as we speak. If there are others who wish to join in a class action suit, chime in.

Mad as hell and I will not take it anymore.

Just a note of caution: prior to taking on a potential class action case, the law firm will do a financial analysis of the defendant business practices and financial health.  Since class action attorneys are paid on a contingency basis, they will not proceed if there are insufficient funds to pay their fees.  That will likely not be the reason they give the class representative for declining the case.

Those with losses may want to organize their claims and approach several firms.  The bankruptcy court's findings will be key to proceeding forward with any suits by the victims.

Correction to my previous post: after doing a little homework I find that a business that is closing shop does not have a legal obligation to inform its creditors. This varies state to state, but especially regarding small businesses, that seems to be the case. Of course no business owner with an ounce of conscience and with nothing to hide would disappear without notice. It should be a red flag for the AG but apparently in the AG's sphere of business, this case is a small nuisance and they're only too happy to make it go away.

When I was dealing with the CMC bankruptcy in 1993, what really had teeth (for me) was that the selling company (CMC) had sent email and paper letters across state lines.  My lawyer/adviser (my company's head legal beagle) told me that constitutes wire fraud and mail fraud at the Federal level and he had me contact the Florida AG.  We also got the regional federal postmaster in Atlanta (the southeast region) involved (and the southern Florida FBI ) as the mailing of paper letters was considered mail fraud.  It was hard getting the local underlings interested in the case until the Federal posse arrived and then all hell broke loose.  CMC was re-structured into a dissolution company (Auto Resolution) and became very cooperative after that.

The key will be that he took deposits knowing that he couldn't deliver.  We know he was slow at delivering, mine was postponed by 3 or 4 months from the original "year" quoted back in 2021.  At some point he knew he wasn't going to deliver, we can tell from the exit letter.....  I hope someone takes this on and we subpoena records to show the lack of activity but still deposits going in.....

Add me to the list of victims...

I finally had some time free up from work travel obligations to head down to the Goodyear location today only to find it closed with eviction notices posted on the door. Called Vintage Motorcars who informed me of this thread and wished me the best of luck in trying to recover what I could.

Man, I am so pissed off right now! I was expecting my car "any day now", according to what Matt told me "Right after New Year" back in October.

I'm more than happy to be included in any pending lawsuits and would really appreciate being added to (or told of) any other private forums/threads.

@Techdave Any update on your case?

Usefulshrimp, I had the same reaction after the same promises from Matt.  Looking back you can hear the disingenuous responses.  I still remember him saying....."...you didn't get the paint sample....?"  My gut told me he was in trouble and if I knew then..... he definitely knew.  I can guarantee you that he took deposits after that and he knew he couldn't deliver.  The question is how many deposits did he take after he knew he was underwater?  If this is a normal business failure then at some point he would have had to turn down a deposit but I bet there is not any evidence of that.  If you sell 1 car per week then in the last 3 months he would have had to turn down 12 deposits, no way, not Matt.  Someone can make this case and I hope it's the attorneys  that are considering the multi plaintiff action against him.  I'm in.  And for the record it certainly derailed the lifelong dream for a time but recently I committed to going through the process again with a little more safety this time.  I have been in business for 40 years and been burned many times and for way more than this but this one seems to sting a little more..... 

Listen you guys, it is not about the money at this moment. A judgement against him would satisfy me. He took away my dream of owning a fabulous car and enjoying my retirement years. I feel bad that so many lost so much to an individual who had larceny in his heart.

Stay strong, perservere, and live your life with passion, decency and honesty!!!!! Keep me posted if there is any possibility of a class action suit.

@Ben Combs posted:

I have been in business for 40 years and been burned many times and for way more than this but this one seems to sting a little more.....

He took away my dream of owning a fabulous car and enjoying my retirement years. I feel bad that so many lost so much to an individual who had larceny in his heart.

I'm really so very sorry for you guys. Most of us who have lived long enough have been caught up in bad deals or even outright fraud in other areas of life.

What sets this sort of thing apart is that this guy (and other bad characters in the replica business) was selling dreams - making promises for something that borders on love. Losing that dream, having it defiled - feels worse than losing money. I wouldn't wish it on my worst enemy.

I hope that all of you can get through this, find resolution, and continue to move through life dreaming and really living - because being caught in this web of lies proves that you were able to dream and act on those dreams before. I'm hoping you can do it again.

I'm hoping for a better tomorrow for all of you. May God be with you.

Last edited by Stan Galat

Well said, Stan.

I am stuck in a similar position with a stock I bought a couple of  years ago.  Turns out the entire enterprise was a first class scam.

I no longer rely on advice from acquaintances.

I feel sorry for everyone who gets caught in a situation such as this.  Most of all, the guys above who lost their money and their dreams.  I just lost money.

Last edited by Bob: IM S6

seven pages and counting . . .  Seems this is not the first Speedster replica mfr scam heard of on this forum.  What seems to be missing in all the history here for those that got burned earlier is: was there ever any real resolution, as in money recovered or cars delivered?  and what's the chance for any of that here here?  my bet is this: nobody gets any money, except maybe a few lawyers, and nobody, although richly deserved, goes to jail.  Is that not the bottom line in all of this?  The crooks live to crook another day?  If anybody knows any different, pls say. 

@El Frazoo posted:

seven pages and counting . . .  Seems this is not the first Speedster replica mfr scam heard of on this forum.  What seems to be missing in all the history here for those that got burned earlier is: was there ever any real resolution, as in money recovered or cars delivered?  and what's the chance for any of that here here?  my bet is this: nobody gets any money, except maybe a few lawyers, and nobody, although richly deserved, goes to jail.  Is that not the bottom line in all of this?  The crooks live to crook another day?  If anybody knows any different, pls say.

Cap'n Buzzkill, here to take a whiz in everybody's cheerios.

I don't know any different, Kelly (to answer the question of the last line), except that there is a precedence of justice being (sorta') served some years ago in the case of CMC.

... but that's not the point, really. The point is, nobody's ever going to stop injustice until somebody stands up and fights for what's right. I wish these fellow members nothing but my wholehearted support in that effort.

Last edited by Stan Galat
@Paulp33 posted:

Hi yes add me to the list I’m in the uk Matt took deposit in June 2021for a March 22 delivery had been lying to me until September 22 then just disappeared clearly knew what he was going to do with my money along with everyone else’s only found out about this on here

I sent you a PM. Put your cursor over the blue box with your name in the upper right corner. A small drop down box will appear. Select "Private Messages" for the information you need.

I experienced this sort of behavior many years ago buying furniture, so a lot less money on the line.  But the dude was cut from the same cloth: Very busy writing up orders, promising deliveries after a deposit paid, and then skipping town with the money.  Feels really bad.  The Authorities said they were on to it, and were pursuing but nothing came of it.  Money long gone, most likely to lawyers.  Guy is probably still selling furniture somewhere . . .

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