Lambo OC Dealer pleads guilty to Fraud
Mar 11, 2009 | 07:29 PM
#12
Teamspeed Pro
Joined: Apr 2008
Posts: 23,875
From: Orange County
Mar 12, 2009 | 05:21 PM
#16
Teamspeed's Florida Ambassador
Joined: Jun 2008
Posts: 5,085
From: Mayamee
VIK KEUYLIAN Jail for 30 years. Lambo OC Closed.
Did you guys hear about this? I had just heard about it. Here are some articles
Car Crime: Lamborghini Orange County Owner To Plead Guilty On Fraud Charges
Vik Keuylian : Auto News
VW says Lamborghini Orange County stole $12M
Court documents filed by VW shed light on why Lambo O.C. suddenly shut down
2 Comments By Colum Wood, Tuesday January 2009 , As: lamborghini orange county, Vik Keuylian
When Lamborghini Orange County suddenly shut its doors a few months back the rumors began to fly. Today the facts are only just starting to come to light after Volkswagen (Lamborghini’s parent company) filed a lawsuit in Orange county Superior Court against the Lamborghini Orange County dealership, its affiliate in Calabasas and owners Vik Keuylian and his sisters Asdghig, Nora and Sossi Keuylian.
VW is accusing Lambo O.C. of theft to the tune of $12 million after unloading 54 of the exotic cars in just 8 days! Apparently the vehicles were sold at significant discounts and those charged in the lawsuit have yet to pay any of the funds to Volkswagen Credit Inc.
Shockingly, the 54 cars account for 8 percent of US sales in 2008 and 2 percent of Lamborghini’s worldwide sales. Interestingly, were those vehicles not sold, Lamborghni would have posted lower sales in 2008 and 2007. (2007 sales figures stand at 2,406 and 2008 figures at 2,430 units).
Lamborghini Orange County has an impressive lineup of customers including NBA stars Kobe Bryant and Dennis Rodman, although it is not clear if they purchased aany of the 54 cars in question.
The VW lawsuit is not the only one filed against the Keuylians. East-West Bank files an unrelated lawsuit against the family and Lamborghini Orange County for defaulting on a $3 million loan - presumably on the dealership itself.
Vik Keuylian also faces a lawsuit filed in Las Vegas by Stephen Cloobeck, owner of Diamond Resorts, after Keuylian received a Lamborghini Murcielago from him and never paid the $340,000.
The Keuylians have hired attorney Gubernick and a hearing has been scheduled for January 22nd. We’ll be sure to keep you updated - there hasn’t been an exotic car controversy this exciting since Stefan Eriksson crashed his Ferrari Enzo.
Car Crime: Lamborghini Orange County Owner To Plead Guilty On Fraud Charges
Vik Keuylian : Auto News
VW says Lamborghini Orange County stole $12M
Court documents filed by VW shed light on why Lambo O.C. suddenly shut down
2 Comments By Colum Wood, Tuesday January 2009 , As: lamborghini orange county, Vik Keuylian
When Lamborghini Orange County suddenly shut its doors a few months back the rumors began to fly. Today the facts are only just starting to come to light after Volkswagen (Lamborghini’s parent company) filed a lawsuit in Orange county Superior Court against the Lamborghini Orange County dealership, its affiliate in Calabasas and owners Vik Keuylian and his sisters Asdghig, Nora and Sossi Keuylian.
VW is accusing Lambo O.C. of theft to the tune of $12 million after unloading 54 of the exotic cars in just 8 days! Apparently the vehicles were sold at significant discounts and those charged in the lawsuit have yet to pay any of the funds to Volkswagen Credit Inc.
Shockingly, the 54 cars account for 8 percent of US sales in 2008 and 2 percent of Lamborghini’s worldwide sales. Interestingly, were those vehicles not sold, Lamborghni would have posted lower sales in 2008 and 2007. (2007 sales figures stand at 2,406 and 2008 figures at 2,430 units).
Lamborghini Orange County has an impressive lineup of customers including NBA stars Kobe Bryant and Dennis Rodman, although it is not clear if they purchased aany of the 54 cars in question.
The VW lawsuit is not the only one filed against the Keuylians. East-West Bank files an unrelated lawsuit against the family and Lamborghini Orange County for defaulting on a $3 million loan - presumably on the dealership itself.
Vik Keuylian also faces a lawsuit filed in Las Vegas by Stephen Cloobeck, owner of Diamond Resorts, after Keuylian received a Lamborghini Murcielago from him and never paid the $340,000.
The Keuylians have hired attorney Gubernick and a hearing has been scheduled for January 22nd. We’ll be sure to keep you updated - there hasn’t been an exotic car controversy this exciting since Stefan Eriksson crashed his Ferrari Enzo.
Mar 12, 2009 | 05:26 PM
#17
Teamspeed's Florida Ambassador
Joined: Jun 2008
Posts: 5,085
From: Mayamee
"Included in the plea agreement is one instance where Gugasian paid Keuylian, in cash, $60,430 for a single 2009 Lamborghini LP640. Silly thing is, VW Credit Inc. had originally financed it for $387,720."
Why couldn't I find that deal!?!
Why couldn't I find that deal!?!
Mar 12, 2009 | 07:48 PM
#20
Teamspeed Pro
Joined: Jan 2008
Posts: 6,031
From: Chicago, Il
I wonder if the owners of these cars will somehow get in trouble......I mean, whoever bought it for $60k had to know something was up
I'm sure that they are safe, but VW might try to make them co-conspirators?
Last edited by .:Raul; Mar 13, 2009 at 11:23 AM.
