Orange County Lamborghini – the country’s largest Lamborghini by volume – mysteriously closed its doors late last year, but a new court document seems to shed a little more light on the situation. Per the court filed document, OC Lamborghini committed the “outright theft” of 54 Lamborghini vehicles.
The lawsuit – which was filed by Volkswagen Credit – claims that OC Lamborghini essentially stole $12 million worth of vehicles by unloading them at heavily discounted prices. VW Credit says OC Lamborghini sold 54 vehicles in just eight days, representing 8 percent of Lamborghini’s total U.S. sales for 2008, according to the OC Register.
OC Lamborghini purchased the vehicles through VW Credit, but the financing company says it never received payment for the cars. Volkswagen owns Lamborghini.
OC Lamborghini owner Vik Keuylian is in even more hot water for shady business practices, including a $3 million lawsuit filed by East-West Bank. The lawsuit claims OC Lamborghini and Keuylian defaulted on a loan by failing to make payments in November and December.
Stephen Cloobeck, owner of Diamond Resorts, is also suing Keuylian for $340,000 – the amount he says he is owed for the trade-in of his Lamborghini Murcielago. “They took the car but never gave me the check,” he said.
The lawsuit is definitely a black eye for Lamborghini and VW, but Volkswagen needs to remain focused on opening another Lamborghini dealership in the Los Angeles area. Southern California is one of Lamborghini’s largest markets, and the area is currently operating without a Lamborghini sales or service center.
01/14, 1:16 PM
posted by:
MurcieMe
What a spectacular colour on that car in the pic!
01/14, 1:36 PM
posted by:
mayer_ray_nagin
I wanna sue California and Florida for the outright theft of $700B in taxpayer money to pay for the overpriced crap houses they sold there and all the added “equity mortgage debt” that we responsible people have to pay now so those frakkheads can drive benzes they have no business owning.
01/14, 1:53 PM
posted by:
05Z88Path
“…the area is currently operating without a Lamborghini sales or service center”
Oh well…I guess it’s down to the local Jiffy Lube for an oil change! lmao
01/14, 1:55 PM
posted by:
johnnycanuck
Car 54, where are you?
01/14, 2:02 PM
posted by:
yarddog82abn
I know Mr. Vik Keuylian, he’s a crook, me and my collages know it was a matter of time he was going to screw over VW, he screwed over his old Dodge and Mitsubishi dealer 10 years ago. Sold the Franchises and lots and they where not even his yet, he settled with them after, but still, he made a killing. And as for those dealers they are both closed…
01/14, 2:04 PM
posted by:
Borat
No honor among thieves!
01/14, 2:29 PM
posted by:
Spingood Tanoya
It’ll be interesting to see what happens when VW shows up with a flatbed and a sheriff to start repoing the Lambos in question. If you buy a car from someone who can’t legally transfer title to you (what VW is calling “stolen” cars), you’re SOL if the actual title holder wants the car back.
01/14, 2:44 PM
posted by:
yarddog82abn
LOL…@ Spingood Tanoya…
You just describe the old Wild West…
01/14, 2:51 PM
posted by:
Gundy
HA! Mayer, excellent!
Hey, when Paris Hilton needs a car to run into a light pole, what’s she going to do now?!
01/14, 2:55 PM
posted by:
DeezNutz
Borat
No honor among thieves!
……………….LOL
01/14, 3:21 PM
posted by:
JakeK66
Dang, I wish I knew about this fire sale….
IWhat would happen if you bought one and got it totalled in a wreck?
01/14, 3:23 PM
posted by:
JakeK66
I can hear it now
“I went out to buy a Cobalt and saw a Gallardo on sale for $18,000, I didn’t think anything of it when I got 90% off the stickerprice”
01/14, 3:35 PM
posted by:
Gundy
Oh man, I’m drooling just thinking of seeing a Gallardo in the garage instead of the 6-year old TT coupe. No way will I ever have one unless I win the Powerball / Lotto, or find out what that #$^%er Madoff did with the $50 BILLION that he stole..
01/14, 3:48 PM
posted by:
Borat
DeezNutz, that’s what I am sayin’!
01/14, 4:13 PM
posted by:
miket
I don’t think VW will go after the owners of the “stolen” cars….I
f you think that the lawsuit is some bad press, wait until you get the sheriff and flatbed into brentwood…..
01/14, 4:13 PM
posted by:
idrinorbarsaku
OC lambo has been in trouble for years now…it’s a matter of time court puts them behind bars for all the theft schemes they’ve been running. Good luck VW!
01/14, 6:09 PM
posted by:
JakeK66
miket,
They will go after those buyers. Maybe they will offer them a settlement or something, but they’ll take the Lambo’s back if they feel they can’t get the money from the OC Dealership.
01/14, 6:47 PM
posted by:
howsmydriving
“Southern California is one of Lamborghini’s largest markets, and the area is currently operating without a Lamborghini sales or service center.” Whoa, that will depress real estate values more than the credit crises!
01/14, 7:06 PM
posted by:
LuckyLou
The crooks and liars are running amok down there eh my US brothers? We got lots up here but boy I’ve never seen the US so rife with swindlers and scam artists taking the money and running out of town(or to their penthouse to mail off jewelry to family members) – helps none when many representing “we the people” at the highest office are at the top of the pile o shi*bags. Greed is good, yeah for the few of course.
Refuse to pay your taxes, stand up to all this SH*T!!
And yes, that blue is frickin great!
01/15, 12:06 AM
posted by:
sequoiatrader
VW Credit will have to submit a claim against OC Lambo’s dealer surety bond. As far as the folks that purchased the cars they will be considered innocent 3rd parties by the State of California in this instance. The only way VW Credit could take away a car they purchased in good faith would be if VW Credit could prove conspiracy to commit fraud on the part of the purchaser.
01/15, 12:23 AM
posted by:
JakeK66
sequoiatrader,
It all depends on how much the disscounts were, it would be easy to prove that those purchased it did so in a way to commit fraud if they were discounted, per say, by 75%. They also could have been purchased by family and friends, so it is likely they will be taken back if these are true.
01/15, 5:06 AM
posted by:
KuroSyn
Article Quote #1
“The lawsuit – which was filed by Volkswagen Credit – claims that OC Lamborghini essentially stole $12 million worth of vehicles by unloading them at heavily discounted prices.”
Article Quote #2
“The lawsuit is definitely a black eye for Lamborghini and VW, but Volkswagen needs to remain focused on opening another Lamborghini dealership in the Los Angeles area. Southern California is one of Lamborghini’s largest markets, and the area is currently operating without a Lamborghini sales or service center.”
Is it just me or do these to points in an essence contradict each other? Let’s put it this way, if you sell something so great as the Lamborghini at such great discounted prices then the end result will be a large sales-market of the product…. right? OF COURSE THAT THE FLO-CAL AREA IS THE LARGEST SALES VOL FOR LAMBO!!! THEY’VE BEEN GETTING THEIR CARS AT HEAVILY DISCOUNTED PRICES!!!! Giving more people the opportunity to afford them… open up a new one now, it’ll be a whole new story… think about it.
01/15, 6:45 PM
posted by:
bimmer_mann_18
I think I saw the discount sale awhile ago in the Sunday paper
01/16, 1:08 AM
posted by:
1c3d0g
MurcieMe: I agree! That’s an awesome color.