Saygus Explained

Saygus Corporation
Type:Private
Location City:Salt Lake City, Utah
Area Served:Worldwide
Key People:
  • Roger Yack, President
  • Chad Sayers, Founder and CEO
  • Tim Riker, CTO
  • Sam Fairchild, Senior Advisor
Products:Smartphones
Location Country:United States

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

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

Notes and References

  1. Web site: DailyTech - CES 2015: Saygus's "Super Smartphone" Offers 320 GB of Storage. www.dailytech.com. 2015-05-07. Jason Mick. 2015-01-07. 2015-05-27. https://web.archive.org/web/20150527015005/http://www.dailytech.com/CES+2015+Sayguss+Super+Smartphone+Offers+320+GB+of+Storage/article37059.htm. dead.
  2. Web site: Company Overview of Saygus, Inc. . Blooomberg. 2015-05-11. 2015-05-11.
  3. Web site: United States vs. Chad Leon Sayers . United States Department of Justice. 2021-08-14. 2021-08-14.
  4. Web site: 2024-07-15 . District of Utah Smartphone Fraudster Sentenced to 29 Months’ Imprisonment After Cheating Investors Out of $10M United States Department of Justice . 2024-07-25 . www.justice.gov . en.
  5. Web site: Saygus VPhone V1 hits the FCC, headed for Verizon next? .
  6. Web site: News .
  7. Web site: Saygus V2 review: Waterproof Saygus V2 has 21-megapixel camera and up to 256GB of expandable storage .
  8. Web site: [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. Web site: Saygus V SQUARED .
  10. Web site: Saygus pushes back V2 launch, opens Indiegogo campaign to fund fresh start with new features . 15 June 2015 .
  11. Web site: Utah smartphone company fails to deliver product over 2 years later .
  12. Web site: CeBIT - Saygus. 2015-05-11. CeBIT. CeBIT. 2015-01-11.
  13. Web site: CeBIT - Saygus V² smartphone. 2015-05-11. CeBIT. CeBIT. 2015-01-11.
  14. Web site: CES - Saygus V² smartphone. 2015-05-11. CES. CES. 2015-01-11. dead. https://web.archive.org/web/20150518070742/http://www.cesweb.org/Events-Programs/Innovation/InnovationAwards/2015/Wireless-Handsets/V%C2%B2-(V-Squared).aspx. 2015-05-18.
  15. Web site: MWC - Saygus. 2015-05-11. MWC. MWC. 2015-01-11. dead. https://web.archive.org/web/20150518090924/http://www.mobileworldcongress.com/exhibitors/4629096986312704/. 2015-05-18.
  16. Web site: Saygus uploads a bunch of new videos, giving us a look inside and out of the V2. 2015-06-13. phonearena. 2015-06-23.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Saygus".

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