Former Motorcycle Shop Owner Armon Castillo Gevorkian of Santa Clarita, California, who owned County Line Cycles in Simi Valley, pleaded guilty Thursday to each of 49 felony counts alleging he stole more than $1 million from more than 40 people.
Armon Castillo Gevorkian, 45, got people to invest in the purchase of motorcycles and motorcycle engines, telling them he could “quickly flip” the engines and sell them in Europe, Japan or China. Gevorkian told people he could get good deals on motorcycles at auctions. He showed people photographs of the motorcycles, but instead of buying them, he kept the money, says prosecutor Margaret Coyle. Gevorkian never sold any motorcycles or motorcycle engines and is charged with stealing more than $1 million from more than 40 victims, including four elderly people.
Coyle says one victim lost $400,000 and others lost amounts of $10,000 to $115,000. Other people paid to have their motorcycles sold on consignment but Gevorkian told them that the motorcycles had been stolen or the vehicle title didn’t clear and pocketed the money, He also pleaded guilty to insurance fraud and four counts of elder abuse.
He could face more than 15 years in prison when he is sentenced April 17. As part of the plea agreement, however, prosecutor Mickeye Coyle said Gevorkian can knock off a year from his sentence for each $100,000 he can pay as restitution to his victims. There will be a hearing Feb. 27 to determine how much money Gevorkian can pay before he is sentenced.
Motorcycle shop. The easiest way to scam people. The easiest way to get caught.
When he gets out he’ll just change the name to Big Bear……………..
They ttok lessons from the Alsops, . . . When will Cal and the Feds go after and prosecute the Alsops or will they just open another iteration of big bear floppers after stealing more from a hundred more saps?
Feel bad for anyone slimed by him.
Something always felt weird at his shop as well as talkin to him.
@ Rob and MADriver, couldn’t agree more with you both!!!!!!! When I first saw this I was hoping it was the Alsop’s!! Still gald that this bozo got what was coming to him and sill hopeful that the Alsop’s will get theirs!!!!
Jerk
Pretty big diffference in what the Big Bear People “Allsops” did and what the crime that Gevorkian was convicted of and did as far as the Law goes. Armonnd Gevorkian started his Bisiness and formulated his complete Business in order to scam People. The big bear folks did not do that…..They were legitimate motorcycle manufacturers and built some pretty nice Motorcycles according to what most of you out there in motorcycle land said they built. When the shit hit the fan, most of the readers of this site jumped on the band wagon and claimed how bad their Motorcycles were built, and how they were really Jerk offs. I am not claiming that their Bikes were good or great or shit, the point is that they were selling and building Bikes and delivering them. When the orders fell way down and the cash flow stoped, then they made some “Slippery” moves. When you need cash and you do some borderline stuff that sometimes works out and sometimes it doesn’t. then the lies and the excuses come and everything starts to fall apart. They take deposits and sell things to pay for the last deal. Where do you draw the Line?
sounds like he modeled his company after the social security system