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998 American Hotrod Motorcycles
Home › Forums › General Board › What Happened?
Followers of Vengeance Motorcycles know we have all been through the ringer these last couple of years. In the fall of 05 I was forced to file a fraud suit against John McDonnell the founder of Vengeance and my friend of 10+ years who sold me Vengeance. Two years and $800K in legal fees later the jury awarded me $1.4M and found McDonnell guilty of fraud.
Unfortunately in post-trial motions the judge reduced the verdict to $300K or gave me the choice to start over from the beginning. The $300K was just enough to pay my lawyer what I owed him. Go figure.
The legal fees in the case exceeded the $2.1M I paid for Vengeance. Youll be happy to know McDonnell still has millions of dollars, Im broke, Vengeance has ceased production (for now) and the lawyers all got new cars for Christmas.
Moving on, we have 1000 Vengeance bike owners all over the world and its my goal to assist them in communicating with one another and to keep the spirit of Vengeance alive.
As a Vengeance owner…and a rider of over 40 years……I too am glad youve started this forum. Needless to say….the reality of what happened to Vengeance is a dissappointment and concern for all of us owners. I keep hearing the the company is …”coming back…” and with a Vengeance!! Well……I hope so. I shopped for several years befor acquiring this Vindicator of mine. And honestly, when I saw it, it was Love at First Sight!. So…..I hope to see the company go the way of the Phoenix…and rise from the ashes!! Im sure everyone would benefit. I wish Mr. Sharp all the best. And to other the other 999 Vengeance owners out there……safe riding and longevity in life!
The Runaway American Dream is based on the roller coaster ride of the amazing startup and eventual implosion of Vengeance Motorcycles during the Chopper Boom at the turn of the 21st century. In … more