Ant Anstead’s car company files for bankruptcy after fraud claims
Ant Anstead’s automotive corporate filed for chapter on Oct. 10, next he was once accused of fraud and misrepresentation, Web page Six can ascertain.
“Radford Motors is going through a Chapter 11 Business restructure that will be implementing strategic changes to strengthen our foundation for the future,” co-founder Daniel Bednarski said in a statement to People Wednesday.
Bednarski shared that “certain ownership transitions will occur,” however he didn’t explain whether or not he was once relating to himself or Anstead.
“We are excited about the road ahead and remain focused on continuing business as usual with renewed energy and purpose,” he added.
Bednarski reiterated that the luxurious automobiles corporate is “committed to its legacy of unparalleled craftsmanship and excellence.”
“This pivotal move ensures the company will continue to exceed client expectations and shape the future of luxury vehicles,” he concluded.
Anstead, 45, and Bednarski filed for chapter next one in every of their former trade companions, Pastor Pat Velasco, sued the duo in March for allegedly owing him $2 million.
Anstead and Bednarski discovered themselves in a 2d prison fight in July when any other co-owner, Roger N. Behle Jr., accused them of mismanaging the corporate’s funds.
Behle stated in his criticism that Anstead and Bednarski join a sale for $100,000 however allegedly “took $54,635.52 from this deposit and used it to pay a vendor for work unrelated to the new client’s vehicle.”
“Twenty-nine minutes after the first wire was sent, Bednarski took more of the new client’s funds and paid himself $20,000 via wire,” Behle additional alleged in his go well with.
Behle additionally accused Anstead and Bednarski of the usage of corporate budget to pay for private bills, akin to auto insurance coverage.
Anstead and Bednarski have since filed a counterclaim towards Velasco and Behle.
The trade companions based the corporate that “specializes in the creation of bespoke, luxury vehicles” in 2020, per its website.
The “For the Love of Cars” host up to now admitted that launching Radford was once a “huge risk” for him.
“We have seven people, and we privately funded this. We are doing it. We’re risking everything,” he told People in April.
Anstead, who’s these days dating Renée Zellweger next his divorce from Christina Hall, has now not publicly addressed the chapter nor did his rep go back Web page Six’s request for remark.