CompTrex
Elio Addict
I sure hope that they were on the up-and-up with the refundable deposits and that they are in fact in a safe place. Otherwise this could (and should) go very badly for them.
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You can register using your Google, Facebook, or Twitter account, just click here.Paul has already addressed that in a speech. He said he could have spent that money, but it didn't seem right for him to do that, so keep it in escrow. I believe they did just that, as they have paid it back when requested to members of this group. So no worries, they will just have to show them they did this. Good thing he didn't do what he thought he could have and did what he thought was right.I sure hope that they were on the up-and-up with the refundable deposits and that they are in fact in a safe place. Otherwise this could (and should) go very badly for them.
The $1,000 per day fine does not apply unless EM fails to provide evidence of a trust within the 60-day deadline. It appears that it is then retroactive to the day the judgment was signed. So day 60=no penalty. Day 61 = $61,000 penalty! (IMO EM dropped the ball on this one. They should have had that with them at the court hearing to provide as evidence.)Problem with the escrow is that the penalty is $1000 a day, UNTIL, Elio shows proof that it is in fact in an escrow account and that time started from the day of the judgment.
It's still there. All the judge did was to knock both fines down substantially, and add in a requirement to provide proof of escrow for refundable deposits.Wasn't there a part about selling vehicles without being a dealer?
I just get how Elio is a Manufacturer when they haven't manufactured anything in Louisiana. A dealer? Okay, they established themselves in Louisiana but didn't operate from there so even if you consider selling Spot-in-Lines as selling vehicles, they didn't do THAT from Louisiana either. This is no different than selling fireworks in Alabama to people from Georgia. It's not a crime to sell them in Alabama - just in Georgia.
Anyway,
Aside from the whole "are they a manufacturer or dealer?" argument, neither action was done from Louisiana. Basically, Elio has a lease in Louisiana and sold some used equipment they owned that was located in Louisiana (but sold from Arizona). What law was broken?