Re: U.S. Car Tool " Scam"
[Re: BulletBob]
#1525494
11/07/13 08:15 PM
11/07/13 08:15 PM
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Joined: Sep 2007
Posts: 14,889 up yours
Supercuda
About to go away
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About to go away
Joined: Sep 2007
Posts: 14,889
up yours
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Quote:
I haven't found anything saying USCT has filed bankruptcy & the OP credit card receipt says USCT & it wasn't his failure company that collected
I went to the NC Secretary of State website, US CAR TOOL, LLC filed/created in Jan of 2013. If the OP has an email from Chris dated Feb 2013 about this project in regards to US Car Tool is sure sounds to me like something is wrong here.
https://www.secretary.state.nc.us/corporations/ARReportsList.aspx?PitemId=10162198
Montclaire Technologies is still active, NOT BANKRUPT
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=9663558
John's name right on it and everything, same address as US Car Tool, but the state has filed a notice in Sep that it is considering an administrative dissolution because he failed to file any annual reports.
Looks to me, and I am not a lawyer, that someone rolled all the assets of Montclair into USCT. But not the debts?
Last edited by Supercuda; 11/07/13 08:23 PM.
They say there are no such thing as a stupid question. They say there is always the exception that proves the rule. Don't be the exception.
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Re: U.S. Car Tool " Scam"
[Re: torredcuda]
#1525495
11/07/13 08:16 PM
11/07/13 08:16 PM
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Joined: Jan 2003
Posts: 7,521 Minnesota
Hemi_Joel
master
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Posts: 7,521
Minnesota
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Quote:
If the company the OP gave money to for a pre-purchase actually did declare bankruptcy and go thru court already then the OP, investors, suppiers and such lost out unless the companies assests were distributed to them. If a bankruptcy did not happen then the company still owes refunds or parts. If it did then technically John owes him nothing but ethically and for his reputation still does.
An entity such as a corperation or an LLC does not have to file bankrupcy to dissolve. Many small business entities are just abandoned and left with no assets and no activity. If the creditors believe that there are assets to be distributed, then they must petition the bankrupcy court to force the company into receivership, take control and distribute the assets accoding to law. I'm not making any judgement here, just pointing out that a bankrupcy proceedure may not have happened. The old company may still remain as an empty shell, or may have been disolved. Not the same for a sole proprietorship - in that case bankrupcy is the only way to escape debts without paying them or receiving a voluntary forgivness by the creditors. Another thing is that an LLC or a corperation is a separate legal entity from its owners and shareholders. The companys debts are not the owners debts. But if the company fails and owner begins voluntarily paying the companies debts out of his own pocket, he may be then be found responsible to pay ALL the companys debts. I would think that JP is aware of this and would be concerned that personally paying $300 of the old companies debt could make him personally responsible for perhaps mountains of bills to vendors, landlord, IRS, etc. Again, I am neither judging or defending and have no first hand knowledge. I'm just speculating.
Edit: after reading the above 2 posts, which happened while I was typing, I'll add the following question: Didn't US Car Tool start in a different state, like NJ or NY, then move to NC? If so, perhaps there is where you will find the business registration for the old company.
Last edited by Hemi_Joel; 11/07/13 08:40 PM.
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Re: U.S. Car Tool " Scam"
[Re: BulletBob]
#1525500
11/07/13 11:39 PM
11/07/13 11:39 PM
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Joined: Nov 2013
Posts: 8 MI
Rebellion
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Joined: Nov 2013
Posts: 8
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Alright, grab a tall drink, this one's gonna be lengthy.... Those of you who have been on this board for a considerable time might remember John's first public project offering. Late in 2002-early 2003, he made an offer to the Moparts members; He was developing a car rotisserie. For a limited time those who bought in advance would receive the "group buy" rate and save considerably over the eventual released price. In this way, John would be able to get financing for the project and the members would benefit from the discount. Everybody wins. I was one of the buyers. I wasn't a member of the Moparts board at the time, but in January 2003, contacted John when I read the thread. Even though I was late, he let me in on the buy. THAT project ended up taking a lot longer than John had planned (I still have the back and forth updates and emails). At the Mopar Nationals that year I spoke with him as I still hadn't gotten my rotisserie while others had. He apologized for the wait and offered the display rotisserie after it's use at the show. I accepted. John will definitely remember this...we had to break down the rotisserie and stuff it into a Stratus for the ride home! There were pics of this on his website for awhile. At that time we spoke quite a bit about projects he had in the works or was considering....he was quite excited about the advantages that CNC, laser and other technologies afforded him. He spoke of the driveshaft loops and some Charger parts he was looking into, never mentioning TWO different companies, BTW. Forward to 2005 Mopar Nationals. John is there with his U.S. Car Tool booth. The booth features his rotisserie display with first generation Charger on it, the driveshaft loop (I believe) and a prototype of the Charger decklid piece on display. Once again, all under one business as displayed at the Nats. If I can find them, I have pictures of that booth. Johns pitch to me - and obviously those on the '66/'67 Charger board - was very similar to his first proposition. Once he received $275.00 from 50 buyers he would manufacture the decklid medallion. NEVER ONCE WAS THIS APPROACHED AS AN INVESTMENT OPPORTUNITY. This was an advance payment on an item purchased. The advance buyers would receive the discount for helping to finance the project and John would receive the benefit of being the only game in town to sell the piece. Sound familiar? As I had dealt with John before, I knew that there may be a chance that this would take awhile, but I felt things would come through eventually. Since the price seemed more than fair, I went for it. I then waited, and waited, and waited. I convinced myself that this project must have been very difficult to do (after all, at that time nobody else had it) and waited some more. Finally years went by and emails weren't answered nor phone calls. This brings us to a simple fact: my money has been stolen by a man that I trusted. BTW...Amongst my old correspondence with John, I have an April 15, 2003 email update that is signed John Pasemann, www.USCarTool.com, 974-219-6142. The decklid piece was sold in 2005 in a booth with the same name. If he is claiming a whole other company, where was it? I'm sorry for the length of this and hope it's not too confusing! Thanks again for the support folks! Tom
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Re: U.S. Car Tool " Scam"
[Re: moparmojo]
#1525504
11/08/13 01:10 AM
11/08/13 01:10 AM
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Joined: Oct 2013
Posts: 88 KS.
HairOtheDog
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Joined: Oct 2013
Posts: 88
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Several posts, recommend that you, read the entire thread, not just me, I suggested it, simply because, many of your questions/comments were answered already (multiple times even). Maybe you're "satisfied" with what you wrote, BUT, if you're truly wanting answers to your questions/comments, they're in the thread, if you take the time to read it. Unless... you aren't actually, looking for answers, in which case... that's something else entirely, isn't it? Either way, read it, or don't, doesn't matter to me, I'm not looking to "stir-the-pot", I'm just hoping to see resolution...
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Re: U.S. Car Tool " Scam"
[Re: HMcCandless_Jr]
#1525505
11/08/13 01:21 AM
11/08/13 01:21 AM
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Joined: Oct 2005
Posts: 6,048 Back home in PA
BulletBob
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master
Joined: Oct 2005
Posts: 6,048
Back home in PA
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It was engineering psyco babble & he believed himself when he typed it.
I knew a guy once who chased investers for his wrecked cars That joker would climb the highest tower to tell a lie when he could have stood on the ground & told the truth
In all of it there would be pieces of the truth
In the end he made sure everyone got all their money back though
Last edited by BulletBob; 11/08/13 01:25 AM.
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Re: U.S. Car Tool " Scam"
[Re: moparmojo]
#1525509
11/08/13 02:40 AM
11/08/13 02:40 AM
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Joined: Oct 2013
Posts: 88 KS.
HairOtheDog
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Joined: Oct 2013
Posts: 88
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Lol Clarify?! Really?! Why are you coming at me?
I've read the entire thread and I'm here for one reason, to hopefully see some resolution, not argue with you
Here's some clarification; The "odd" op, with the "odd story" that "doesn't add up" or "make sense" isn't the ONLY 1 of the 50 on this thread, there are at least 3 of the 50. (That info is in the thread) They didn't wait 8yrs, they had communications as late as 12 or 13 from JP, it was 8yrs of excuses from JP. (That info is also in the thread)
Want more, "clarification"? Read the thread, I'm not going to be your "cliffs notes" for the entire thread. As I already stated, read it or don't I don't give a....either way, if you're a JP fanboy, then sing his praises and move on, stop coming at me.
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