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    • 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 -
        Click here to enlarge Originally Posted by REZ-RACER Click here to enlarge
        Ya that is bullsh!t we are all car guy's trying to look out for each other!!
        That's we are, but to them, we are just business.
      1. REZ-RACER's Avatar
        REZ-RACER -
        yup all they see is the $
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by REZ-RACER Click here to enlarge
        yup all they see is the $
        And this is why it is conflict of interest for a vendor to run a forum, let alone the most populated Mercedes forum.

        This thread is validation of our existence and I'm just glad you and the other saw it. I'm also happy we forced them to get some parts out there. Even to people half way across the world Click here to enlarge This thread is popular reading in the Evosport office.
      1. REZ-RACER's Avatar
        REZ-RACER -
        Well maybe they should spend less time reading this thread.
        and focus on trying to make it right for their customers waiting for parts.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by REZ-RACER Click here to enlarge
        Well maybe they should spend less time reading this thread.
        and focus on trying to make it right for their customers waiting for parts.
        Click here to enlarge AMEN!
      1. sofa's Avatar
        sofa -
        Bad News !

        Getting lost some parts from Evosport Pack1

        2 Feb
        Apiwat,

        Hope you are well. I wanted to let you know we shipped the first shipment to you today which includes everything (including ECU) except the pulley kit. I declared a small value for you ($400) for this shipment. The UPS tracking # is 1ZF5Y2546745876080.

        Please let me know if you have any questions. As soon as the pulley kit is ready, I will send that out right away. Thank you again for your patience and business!

        Shipment 1
        Performance filters
        Iginition wires
        Phenolic Heat Spacers
        ECU
        Click here to enlarge


        Shipment 2
        Crank pulley
        Click here to enlarge

        Part that not coming are

        Water Pump Pulley
        Power Steering Pulley
        Alternator Pulley
        Larger Idler Pulley
        Small Tensioner Pulley w/ Captive Washer
        Washers, bolts
        Washer bottle
        Fitting for washer bottle

        --------------------------------------------------------

        Today i tell my friend that evosport surprise me again because when i opened the box that am imagine is come with pulley kit but is just only 7"Crank pulley.

        So my friend sent email to simon

        "Dear Simon,

        The overdrive pulley arrived.well a few question's here.the kits normally included the blacky anodized pulley for
        Power steering,water pump,alternator,belt.please revise the parts lists again Simon.I'm just wondering what is the part# for the belt anyway?I assumed we can't use the stock one as the pulley is different size in diameter.let me know Simon.
        Cheers,
        Pop"

        What 's Simon reply
        "Pop,

        Yes, we already sent the ENTIRE kit before plus the ECU so he should have all the parts except the crank pulley which we shipped last week. See attached.

        This is what we sent in 2 shipments:

        Shipment 1
        Performance filters
        Iginition wires
        Phenolic Heat Spacers
        Water Pump Pulley
        Power Steering Pulley
        Alternator Pulley
        Larger Idler Pulley
        Small Tensioner Pulley w/ Captive Washer
        Washers, bolts
        Washer bottle
        Fitting for washer bottle
        ECU

        Shipment 3
        Crank pulley"

        --------------------------------

        Let Start New Episode
      1. PetroC63's Avatar
        PetroC63 -
        ^
        You didn't get the following and Evosport says they shipped it?
        Water Pump Pulley
        Power Steering Pulley
        Alternator Pulley
        Larger Idler Pulley
        Small Tensioner Pulley w/ Captive Washer
        Washers, bolts
        Washer bottle
        Fitting for washer bottle
        You received another crank pulley instead?

        Oh boy! This doesn't sound good.
      1. sofa's Avatar
        sofa -
        Just Crankshaft Overdrive Pulley only
      1. PetroC63's Avatar
        PetroC63 -
        Click here to enlarge Originally Posted by sofa Click here to enlarge
        Just Crankshaft Overdrive Pulley only
        You received this?
        Shipment 1
        Performance filters
        Iginition wires
        Phenolic Heat Spacers
        ECU
        and this?
        Shipment 2
        Crank pulley
        Did Evosport say they shipped the other pulleys?
      1. sofa's Avatar
        sofa -
        Simon will sent it to me again.

        Shipment 3 is coming soon to fulfill part that missing but don't know the leadtime.
      1. PetroC63's Avatar
        PetroC63 -
        Click here to enlarge Originally Posted by sofa Click here to enlarge
        Simon will sent it to me again.

        Shipment 3 is coming soon to fulfill part that missing but don't know the leadtime.
        Hopefully, "coming soon" doesn't turn into a few months. I would stay on them and make sure they
        follow through in a timely fashion.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by PetroC63 Click here to enlarge
        ^
        You didn't get the following and Evosport says they shipped it?


        You received another crank pulley instead?

        Oh boy! This doesn't sound good.
        What a freaking mess Click here to enlarge
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by sofa Click here to enlarge
        Simon will sent it to me again.

        Shipment 3 is coming soon to fulfill part that missing but don't know the leadtime.
        They have just pulled that to buy some more time... let's see when this number 3 arrives.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by PetroC63 Click here to enlarge
        Hopefully, "coming soon" doesn't turn into a few months. I would stay on them and make sure they
        follow through in a timely fashion.
        It seems like designing ones own pulley could be done faster than getting one from Evosport.
      1. PetroC63's Avatar
        PetroC63 -
        Click here to enlarge Originally Posted by Sticky Click here to enlarge
        It seems like designing ones own pulley could be done faster than getting one from Evosport.
        It would seem so.

        Since sofa is in another country they(Evosport) seem to be taking advantage of that. Really low if you ask me.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by PetroC63 Click here to enlarge
        It would seem so.

        Since sofa is in another country they(Evosport) seem to be taking advantage of that. Really low if you ask me.
        Agreed but can't say I'm surprised after all this.
      1. Eirebenz's Avatar
        Eirebenz -
        Sofa - just so we are all on the same page here .....

        You received the overdrive crank pulley; however, you didn't receive any of the accessory pulleys? Is that correct?

        From Simon's e-mail, it seems as if they are saying they shipped the accessory pulleys to you some time prior?

        Sofa - Another point that you may need to address with Simon:
        From the first photo you attached, the red colored phenolic spacers are there; however, you only have one intake gasket per phenolic spacer. My understanding is that each phenolic spacer needs an intake gasket above and below it to ensure there are no boost leaks. Perhaps other members can chime in and correct me if I am wrong. At the very least, Evosport used to ship them with 2 intake gaskets per phenolic spacer.
        I should know - I bought a set from them some time back!
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by Eirebenz Click here to enlarge
        Sofa - just so we are all on the same page here .....

        You received the overdrive crank pulley; however, you didn't receive any of the accessory pulleys? Is that correct?

        From Simon's e-mail, it seems as if they are saying they shipped the accessory pulleys to you some time prior?

        Sofa - Another point that you may need to address with Simon:
        From the first photo you attached, the red colored phenolic spacers are there; however, you only have one intake gasket per phenolic spacer. My understanding is that each phenolic spacer needs an intake gasket above and below it to ensure there are no boost leaks. Perhaps other members can chime in and correct me if I am wrong. At the very least, Evosport used to ship them with 2 intake gaskets per phenolic spacer.
        I should know - I bought a set from them some time back!
        Great post, so in addition he will need a second intake gasket?
      1. Eirebenz's Avatar
        Eirebenz -
        Click here to enlarge Originally Posted by Sticky Click here to enlarge
        Great post, so in addition he will need a second intake gasket?
        If I'm correct in my assessment of that photo, he needs another intake gasket set (i.e. 2 more gaskets).
        i.e. the phenolic spacer kit requires one phenolic spacer for each intake bank + 2 intake gaskets per intake bank (a gasket above and below each spacer).
        In the past, Evosport just shipped out 2 sets of OE intake gaskets (still in their MBenz packaging) per phenolic spacer kit.

        Of course, Sofa may have both sets of intake gaskets (4 total) and just didn't take a photo with both sets - hopefully he'll set that straight in due course.
      1. sofa's Avatar
        sofa -
        the first picture is show all what i have from evosport.

        I need to ask simon to sent me intake gaskets to complete phenolic right.