Saygus

Last updated
Saygus Corporation
Company type Private
Industry Telecommunications equipment
Headquarters,
United States
Area served
Worldwide
Key people
  • Roger Yack, President
  • Chad Sayers, Founder and CEO
  • Tim Riker, CTO
  • Sam Fairchild, Senior Advisor
Products Smartphones
Website www.saygus.com
Saygus V2 smartphone (17134672522).jpg

Saygus is a fraudulent American developer of smartphones headquartered in South Jordan, Utah. [1] It was founded by Chad Sayers. [2]

Contents

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

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References

  1. Jason Mick (2015-01-07). "DailyTech - CES 2015: Saygus's "Super Smartphone" Offers 320 GB of Storage". www.dailytech.com. Archived from the original on 2015-05-27. Retrieved 2015-05-07.
  2. "Company Overview of Saygus, Inc". Blooomberg. 2015-05-11. Retrieved 2015-05-11.
  3. "United States vs. Chad Leon Sayers". United States Department of Justice. 2021-08-14. Retrieved 2021-08-14.
  4. "District of Utah | Smartphone Fraudster Sentenced to 29 Months' Imprisonment After Cheating Investors Out of $10M | United States Department of Justice". www.justice.gov. 2024-07-15. Retrieved 2024-07-25.
  5. "Saygus VPhone V1 hits the FCC, headed for Verizon next?".
  6. "News".
  7. "Saygus V2 review: Waterproof Saygus V2 has 21-megapixel camera and up to 256GB of expandable storage".
  8. "[Hands-On] Saygus V2 Pre-Orders Open Today — $549 if You Act Quick and Want the Most Intriguing Smartphone We Saw at CES". 29 January 2015.
  9. "Saygus V SQUARED".
  10. "Saygus pushes back V2 launch, opens Indiegogo campaign to fund fresh start with new features". 15 June 2015.
  11. "Utah smartphone company fails to deliver product over 2 years later".
  12. CeBIT (2015-01-11). "CeBIT - Saygus". CeBIT. Retrieved 2015-05-11.
  13. CeBIT (2015-01-11). "CeBIT - Saygus V² smartphone". CeBIT. Retrieved 2015-05-11.
  14. CES (2015-01-11). "CES - Saygus V² smartphone". CES. Archived from the original on 2015-05-18. Retrieved 2015-05-11.
  15. MWC (2015-01-11). "MWC - Saygus". MWC. Archived from the original on 2015-05-18. Retrieved 2015-05-11.
  16. "Saygus uploads a bunch of new videos, giving us a look inside and out of the V2". phonearena. 2015-06-23. Retrieved 2015-06-13.