• Proof that Evosport is thousands in debt and soliciting customers for generation of capital

      Most of you saw that Benzboost broke the story last week on Evosport's debt and failure to deliver parts to customers. We quoted this debt as in the hundreds of thousands but now have exact up to date figures that were released by Evosport themselves. Where and why would they reveal these figures? They revealed the details in documents seeking investment from a select, hand picked group of customers in order to get money they need flowing in.

      Evosport has about $300,000 of debt with a quarter million of back orders that have not been fulfilled. They are cash strapped so they have hand picked a number of their customers to solicit for investment purposes. We have been able to get a hold of the proposal with all the details from more than one source. This investment group is being spearheaded by Jim Brady (James J. Brady of Ringler Associates) who is one of their customers. He is also a CLK63 Black Series owner and it is Black Series owners who are mostly being targeted for investment. Why Jim Brady is doing this for Evosport, we have no clue but will certainly try to find out.

      The investment documents are all detailed below. They verify that what was written previously is accurate. We now know the investment amount each customer is being asked to produce is $100k minimum. The documents are dated April 2011 so this information is as up to date as possible. Additionally, we do not know if Jim Brady has already invested as numerous sources have given us varying figures on his own commitment. It could be that he has already committed funds and that they have not been enough to pull Evosport out so other sources are being tapped.

      We feel this information is necessary to not only validate our investigative journalism, much of which was already confirmed by customers coming forward to say they had not received their parts as well as JRCART confirming his issues with Evosport, but also to warn potential investors and customers of the current situation. It is irresponsible to continue to collect money from customers who expect delivery of their parts when there are very real issues that affect if Evosport will even continue to be viable. Not to mention that Brad Otoupalik e-mailed BenzBoost with veiled threats about "slander" which this isn't, it is completely factual based on details Evosport has verified in its own documents sent out into the public. Attempting to silence this on MBworld and threaten us only caused more people to be willing to come forward in support of what BenzBoost had the courage to reveal. We will not be pushed around or intimidated by Evosport or anyone else for that matter for providing the community with the truth MBworld hides from them.

      You can verify all the information in the documents below. You can also see the questionnaire that attempts to assess just how much money the potential investor has. Evosport's fiscal information is all detailed as well as debt and pending litigation involving a damage claim to a Lamborghini. We have also been told of liens which if it becomes necessary we will look into in much further detail. Evosport is apparently in damage control mode attempting to pay off what they can which we have not been able to verify but have received some anonymous tips stating so. Additionally, one tip stated that Bob Otoupolik's credit cards have been locked but we do not know if this is true. If anyone has any information to verify this tip, do not hesitate to contact us.











      This article was originally published in forum thread: Warning to Mercedes Enthusiasts! Evosport hundreds of thousands in debt, not delivering parts started by Sticky View original post
      Comments 493 Comments
      1. Sticky's Avatar
        Sticky -
        Man was this is a classic.
      1. JRCART's Avatar
        JRCART -
        Click here to enlarge Originally Posted by Sticky Click here to enlarge
        Man was this is a classic.
        DCT Build thread is a classic...you decide if you pussy is not sore and if you will be showing up this weekend?
      1. cturbos's Avatar
        cturbos -
        STICKY
        what's with(You don't have enough reputation) message i get every time i want to see something.
        thank you
      1. Jake@Eurocharged.com's Avatar
        Jake@Eurocharged.com -
        Click here to enlarge Originally Posted by cturbos Click here to enlarge
        STICKY
        what's with(You don't have enough reputation) message i get every time i want to see something.
        thank you
        you need to build rep points (1000) to view the threads. Start posting great content and you will be there in no time..... (I am trying to get there too lol)
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by Jake@Eurocharged.com Click here to enlarge
        you need to build rep points (1000) to view the threads. Start posting great content and you will be there in no time..... (I am trying to get there too lol)
        Just to view hidden messages.
      1. mramg1's Avatar
        mramg1 -
        Click here to enlarge Originally Posted by ezec63 Click here to enlarge
        Evosport sells re branded giro disc ! Call up any giro disc dealer and cut the middle man out ... and a shady middle man at that ! Click here to enlarge
        Here here my friend. Evosport is a middle man, IMHO, that charges WAY toooooooooo much, LOL
      1. ice350's Avatar
        ice350 -
        I am so glad I saw this thread. Everyone needs to know about evosport. Only way to get them improve is for the enthusiast community to be informed. Evosport will either get it together or close down. Probable better to close down. The current owners have demonstrated the lack of ability to properly run a business and probably will scew up again.
        Owning a business is not for everyone.
        Some people need to just work for someone else and do what they know how to do.
      1. 0-60Motorsports's Avatar
        0-60Motorsports -
        The rotors I ordered for @SL55K have shipped from evosport. We'll do a review of the customer service once I receive them. So far so good.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by 0-60Motorsports Click here to enlarge
        The rotors I ordered for @SL55K have shipped from evosport. We'll do a review of the customer service once I receive them. So far so good.
        Fingers crossed.
      1. Oz63's Avatar
        Oz63 -
        Hi I'm from Australia trying to order parts from evosport are they still in bussiness
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by Oz63 Click here to enlarge
        Hi I'm from Australia trying to order parts from evosport are they still in bussiness
        They're still in business.
      1. 0-60Motorsports's Avatar
        0-60Motorsports -
        I ordered their brake rotors for my customers SL55 and well the customer service was not bad but could be better. Im sure their working on it. I got the rotors so alls good.
      1. alex@ABRhouston's Avatar
        alex@ABRhouston -
        Evosport was the reason my M3 project took FOREVER to finish. They sent me a "p'n'p" harness for an AEM standalone. It was anything but.
        They wired the pins in all wrong, all the center lugs were off one to the right, they refused to give me any wiring diagram to let me diagnose their harness, and they wanted to run alpha N only.
        huge huge pain in the neck.