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Report: SV Motors head indicted for investment fraud

by Damon Lavrinc (RSS feed) on Aug 4th, 2010 at 7:23PM

Exactly a year ago today, we got our first real-life glimpse of the SV Motors 9 Competizione, an American/Italian mash-up built atop the C6 Chevrolet Corvette and coated in custom carbon fiber coachwork. 365 days later and the dream has turned into a nightmare. Joseph Viloa (aka Giuseppe Viola), a 58-year-old investment consultant based in San Francisco, CA and the man behind SV Motors, has reportedly been indicted by a federal grand jury on aggravated identity theft, mail and wire fraud. In the process, he allegedly bilked victims for around $7 million – two million of which went... Read More

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