A US resident who advertised a revolutionary smartphone for several years, but was unable to start producing it, was accused by the prosecutor's office of securities fraud.
It is reported that Chad Leon Sayers has attracted about 300 investors for his company Saygus. They invested about $ 10 million. Sayers promised them imminent success and billions in revenue.
As law enforcement officers found out, instead of using the collected funds to create the promised smartphone, the man paid personal expenses and debts. According to the US Attorney's Office, Sayers urged people to invest in the phone by posting “breaking news” everywhere about its launch.
The smartphone, by the way, was called Saygus V2. It was supposed to get a 5-inch screen, a Snapdragon processor, 3GB of RAM, a 21MP rear camera and a 13MP front camera, a fingerprint scanner, and wireless charging. This all sounded good for 2015. However, the light never saw the device.
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