Why Lamborghini Orange County Closed Their Doors
In November, we mentioned that California's Lamborghini Orange County, the world's largest dealer of the exotic Italian cars, had suddenly closed up shop. Now the whole story is unfolding and it's quite intriguing. The OC Register checks out court documents accusing the owners of Lamborghini Orange County in Santa Ana of selling their cars at heavy discounts and not paying their creditor. A lawsuit filed by Volkswagen Credit Inc, says that it paid for Lamborghini O.C.'s cars in advance of sale and never received the $12 million owed for the vehicles.
In a separate suit, the owners of the dealerships, Vik Keuylian and his sisters Asdghig, Nora and Sossi Keuylian are also accused of defaulting on a $3 million loan from East-West Bank. And in Las Vegas, Stephen Cloobeck, owner of Diamond Resorts, is suing Vik Keuylian for $340,000 for taking his 2008 Lamborghini Murcielago and never paying him for it. The high-profile dealership was famous for its celebrity clientele some of whom may be driving cars that the dealer never paid for.