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Old 05-12-2020, 06:40 PM   #1950 (permalink)
Xist
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Investors seeking refunds from Phoenix-based automaker

The full article is here and without a paywall: https://www.abc15.com/news/let-joe-k...ased-automaker

Quote:
We asked Elio Motors -- with a decade of missed deadlines and nothing to show for their money, why not give it back to all investors who want it?

In an email, Elio did not answer that question.
They claimed they returned deposits when requested, but the point of the article was that people couldn't get their money back. Elio cited errors that they were allegedly trying to fix, but in the example they gave, the investor did not get his deposit back until the news channel helped him.
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