• Report: #512914

Complaint Review: Vector and AquaJet corporation

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  • Submitted: Wednesday, October 21, 2009
  • Last Posting: Friday, August 20, 2010
  • Reported By: Upset Investor — Beverly Hills California USA
Vector and AquaJet corporation
400 N. Marine Avenue Wilmington California 90744 United States of America

Vector and AquaJet corporation - Gerald Wiegert Investment Scam without producing any product as promised Wilmington, California

*General Comment: REAL INVESTORS INVEST IN AQUAJET AND VECTOR!


1Author 1Consumer 0Employee/Owner

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INVESTORS BEWARE! I invested several years ago ten of thousands of dollars into a company known as Vector and Aquajet Corporation.  The owner Gerald Wiegert has not built a product of any kind with his company(s) since the mid to late 90s.  Every time I call over the years, Wiegert has a song and dance about the bad economy or a deal about to go through to keep all of his investors off his back. Not one investment firm will touch Wiegert's deal.  The investment community is fully aware of his track record.

  Why someone hasn't stepped in to close Vector and Aquajet Corporation down is beyond me.  Wiegert takes what ever money he can get his hands on to go towards his lavish lifestyle instead of building a product he can sell. He is selfish, only thinks of himself and many of his employees over the years have been left empty handed. This has been going on for almost two decades. He is running a scam to collect "seed level funding", but the seed is never planted in order for his company to grow.  Wiegert has resorted to finding those individuals that don't do their due diligence on him to give him 10k-100k plus.

   I will most likely never get my investment back. It is now a matter of principle.  There are hundreds of investors like myself out there that feel the same way about Gerald Wiegert.  I just don't want someone out there to give their last dollars away during this tough economic downturn, only to be left with empty promises and no return on their investment!

This report was posted on Ripoff Report on 10/21/2009 3:44:23 PM and is a permanent record located here: http://www.ripoffreport.com/auto-manufactures/vector-and-aquajet-c/vector-and-aquajet-corporation-7c65c.htm.

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#1 Consumer Comment

REAL INVESTORS INVEST IN AQUAJET AND VECTOR!

AUTHOR: Digital FX Artist - (United States of America)

This report listed on Ripoff.com regarding Aquajet, Vector Motors and Mr. Wiegert titled “Investors Beware” is intentionally untrue!  This false report is from a very suspicious individual.  He is probably a disgruntled envious individual who believes he is owed something for doing nothing with his life and is making up stories with the personal intent to try to damage Vector, Aquajet or Mr. Wiegert, and or his numerous loyal shareholders and the Companies he has founded. Gerald Wiegert has been and will be a performer, period! If Wiegert hadn’t produced anything since the mid to late 90’s how did Mr. Wiegert invent, create, and manufacture the Jetbike and win the NMMA Marine & Boating “Product of the Year Innovations Award?” and “Design News Award” for the Jetbike that he invented and that he and his team put into production? Wiegert’s credentials are extraordinary. Seven plus years of college, five on GM full tuition scholarship and graduated from two of the very best creative design institutions in the world.

I know for a fact that THIS BEWARE RIPOFF WARNING LISTING IS A FRAUD and that this complainer is not an investor. He does not exist because Aquajet does not have any Beverly Hills investors at all. Vector Motors has only has one investor and that is Mr. Wiegert himself. In Aquajet Corporation’s Capitalization tables there are no Beverly Hills investors listed. There have also been no lawsuits filed by investors on either company and there are none pending or threatened..

I met Mr. Wiegert when I purchased a Jetbike directly from the innovative Aquajet water sports company that Wiegert founded. I also have owned two Vectors and I have never owned a more impressive high performance automobile ever and I have owned dozens of exotic cars, including Ferraris, Lamborghinis, custom Mercedes tuner cars, many American muscle cars and the like. Nothing compared to the positive experience that I had with the Vector W8, the world’s first real supercar and Wiegert’s original Vector Supercar design for sale to real automotive collectors. Five of these incredible cars went to museums and the rest to the very wealthy.

I have known Jerry Wiegert for 10 years and there are few if any individuals with more integrity and ethics that work as hard as he does at what he loves to do -- to build creative products, to develop them and put them into production and to put the right deal structures together for his investors. Jerry grew up in the Midwest and his word is his bond.  He is very careful about how investment is placed in his companies so all investors can ultimately profit from their investment in his conceptualized and founded companies. Thousands of shareholders benefited from the original VECTOR Company he took public on the NASDQ. He has learned from past experience, that there are a lot of dangerous and risky financing deals for young companies perpetuated by middlemen con-artists and others that pray on individuals like Wiegert and others with great ideas. Jerry is looking for the right qualified investors to partner with him to move forward with his extraordinary mass appeal vehicles so that his supportive investors “do not get ripped off” or get unfairly diluted by unreasonable new investors.

Jerry works night and day, seven days a week and had it not been for this economic mess the whole US is currently experiencing, he would have been producing a new Vector Hypercar and manufacturing tens of 1000’s of Aquajet Jet bike watercraft. If financing were available for early stage non-revenue producing companies both Vector and Aquajets Jetbike would be highly successful. He took an unfinished Vector prototype car to the 2008 LA auto show and it stunned the enthusiast crowd. I witnessed this first hand.  The design is now finished from a designer visual perspective and the new Vector Hyper which is awesome could be running in 4 or 5 months. A person intent on “not delivering anything” would not be finishing a “world class” automobile on his own dime to the detriment of himself and his family in this economy. He would be spending no money and sitting on the sidelines like most everyone else, but he is a driven man!

Jerry is the kind of guy I would invest my money with in this economy. He is an individual who has proven himself and is poised to jump out of the in-zone and get to the goal line as soon as things loosen up and take over the watercraft market and/or Supercar market!

--
Wil Wengert
C4 Planning, Inc.
www.c4planning.com
561.309.3200

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