Saygus

Saygus Corporation
Company typePrivate
IndustryTelecommunications equipment
Headquarters
Salt Lake City, Utah
,
United States
Area served
Worldwide
Key people
  • Roger Yack, President
  • Chad Sayers, Founder and CEO
  • Tim Riker, CTO
  • Sam Fairchild, Senior Advisor
ProductsSmartphones
Websitewww.saygus.com

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

  • Saygus at CeBIT 2015[12] presents V² smartphone[13]
  • Saygus presents V² at CES 2015 [14]
  • Saygus presents V² at MWC 2015 [15]
  • Saygus presents last hardware update of V² at Los Angeles Saygus VIP Penthouse Lounge near E3[16]

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.