Saygus

Saygus CorporationType| Private

|

Industry| Telecommunications 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

Products| Smartphones
Website| www.saygus.com
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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". http://www.dailytech.com/CES+2015+Sayguss+Super+Smartphone+Offers+320+GB+of+Storage/article37059.htm. Retrieved 2015-05-07.
2. ↑ "Company Overview of Saygus, Inc.". 2015-05-11. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=215765352. Retrieved 2015-05-11.
3. ↑ "United States vs. Chad Leon Sayers". 2021-08-14. https://www.justice.gov/usao-ut/page/file/1392136/download. 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" (in en). 2024-07-15. https://www.justice.gov/usao-ut/pr/smartphone-fraudster-sentenced-29-months-imprisonment-after-cheating-investors-out-10m.
5. ↑ "Saygus VPhone V1 hits the FCC, headed for Verizon next?". https://www.engadget.com/2009/11/05/saygus-vphone-v1-hits-the-fcc-headed-for-verizon-next/.
6. ↑ "News". https://www.businesswire.com/news/home/20091116006445/en/New-Android-Phone-Featuring-America’s-Two-Way-Video.
7. ↑ "Saygus V2 review: Waterproof Saygus V2 has 21-megapixel camera and up to 256GB of expandable storage". https://www.cnet.com/reviews/saygus-v2-preview/.
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. https://www.androidpolice.com/2015/01/29/hands-saygus-v2-pre-orders-open-today-549-act-quick-want-intriguing-smartphone-saw-ces/.
9. ↑ "Saygus V SQUARED". https://www.indiegogo.com/projects/saygus-v-squared#/.
10. ↑ "Saygus pushes back V2 launch, opens Indiegogo campaign to fund fresh start with new features". 15 June 2015. https://www.androidcentral.com/saygus-pushes-back-v2-launch-opens-indigogo-campaign-fund-fresh-start-new-features.
11. ↑ "Utah smartphone company fails to deliver product over 2 years later". https://www.ksl.com/article/45617156/utah-smartphone-company-fails-to-deliver-product-over-2-years-later.
12. ↑ CeBIT (2015-01-11). "CeBIT - Saygus". http://www.cebit.de/exhibitor/saygus/Y285593. Retrieved 2015-05-11.
13. ↑ CeBIT (2015-01-11). "CeBIT - Saygus V² smartphone". http://www.cebit.de/product/v-smartphone/604536/Y285593. Retrieved 2015-05-11.
14. ↑ CES (2015-01-11). "CES - Saygus V² smartphone". Archived from the original on 2015-05-18. https://web.archive.org/web/20150518070742/http://www.cesweb.org/Events-Programs/Innovation/InnovationAwards/2015/Wireless-Handsets/V²-(V-Squared).aspx. Retrieved 2015-05-11.
15. ↑ MWC (2015-01-11). "MWC - Saygus". Archived from the original on 2015-05-18. https://web.archive.org/web/20150518090924/http://www.mobileworldcongress.com/exhibitors/4629096986312704/. Retrieved 2015-05-11.
16. ↑ "Saygus uploads a bunch of new videos, giving us a look inside and out of the V2". 2015-06-23. http://www.phonearena.com/news/Saygus-uploads-a-bunch-of-new-videos-giving-us-a-look-inside-and-out-of-the-V2_id70657. Retrieved 2015-06-13.

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