VW accuses Lamborghini O.C. of $12 million theft

[Blue_Tires]

Lamborghini Orange County, formerly the world’s largest dealer of the Italian luxury vehicles that sell from upwards of $200,000 apiece, closed in November without explanation. Now court documents indicate what happened.

The owners of Lamborghini Orange County in Santa Ana committed “outright theft” of approximately $12 million by selling its fleet of exotic sports cars at deep discounts and failing to pay their creditor, according to a lawsuit filed by Volkswagen Credit Inc. in Orange County Superior Court.

The lawsuit says the owners of the Orange County dealership and its affiliate in Calabasas unloaded 54 cars in eight days – accounting for 8 percent of all the Lamborghinis sold in the United States during all of 2008.

The lawsuit says VW Credit, which covered the cost of Lamborghini O.C.’s cars in advance of sale, doesn’t know where the proceeds went. But it didn’t get the money.

The owners of the dealerships named in the suit are Vik Keuylian and his sisters Asdghig, Nora and Sossi Keuylian. Their attorney, Jeffrey Gubernick, declined to comment on the allegations, because the case is still under litigation.

http://ocbiz.freedomblogging.com/2009/01/13/vw-accuses-lamborghini-oc-of-12-million-theft/8100/

[Initech]

1. So THAT'S why I've been seeing so many Lambos in my town lately!

:wow:

[DS1]

2. We want zee money, Lebowski!

It's not fair!

[flvegan]

3. I wonder what a "deep discount" would have been on a Gallardo.

I could've sold a kidney or something.

[Blue_Tires]

4. probably between 25 to 50 grand off msrp