Saygus
From Wikipedia, the free encyclopedia
Saygus is a fraudulent American developer of smartphones headquartered in South Jordan, Utah.[1] It was founded by Chad Sayers.[2]
| Company type | Private |
|---|---|
| Industry | Telecommunications equipment |
| Headquarters | , United States |
Area served | Worldwide |
Key people | |
| Products | Smartphones |
| Website | www |
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Saygus purportedly developed two smartphone devices: VPhone and V², neither of which were ever released.
On April 20, 2021, the United States Department of Justice filed a lawsuit in the District of Utah alleging $10 Million in Securities fraud.[3]
On July 15, 2024, Saygus owner Chad Sayers was sentenced to 29 months imprisonment after admitting to defrauding investors.[4] He was ordered to pay $10,250,834.53 in restitution and a forfeiture money judgement in the same amount.
History
Saygus' VPhone, featuring a 3.5 inch touchscreen and slide-out keyboard, was first revealed in 2009,[5] but did not go to market. The VPhone was presented at the 2010 Consumer Electronics Show, winning the Best of Innovations Award in the Wireless Handsets category. [6]
The second device developed by Saygus was named V² (later referred to as V'- but still called the V Squared). The V² smartphone was announced at CES 2015 and was reported to ship in the first quarter of 2015.[7] The device could be pre-ordered directly from Saygus during January 2015. [8]
In June 2015 a crowdfunding campaign was launched for the Saygus V²[9] with the company citing manufacturing issues in delivering the finished product to pre-order customers.[10] In August 2017 it was reported that no devices had been delivered to customers. [11]
Events
References
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