1) “Public money troubles seem to chase the Teutul family. During 2007, the family was accused of bankruptcy fraud.”
2) OC Chopper clan accused of bankruptcy fraud
Three members of the Teutul family of Orange County Choppers fame defrauded the creditors of their family’s other business, according to a complaint filed Friday in U.S. Bankruptcy Court.
The complaint accuses Paul Teutul Sr. and his sons, Paul Teutul Jr. and Daniel Teutul, of engineering the fraudulent bankruptcy of O.C. Iron Works Inc. in order to avoid paying the company’s creditors
http://www.recordonline.com/apps/pbcs.dll/article?AID=/20070626/NEWS/706260312
2) “As per the news article published on Nov. 18, 2010, OCC did not actually failed to make its July mortgage payments which are of $96,400 and $14,000; they deliberately did not pay them as a form of deal renegotiation. According to a reputed news source the OCC lawyers said, the Choppers did not make mortgage payments with the aim of putting pressure on the lender to amend the conditions of the loans.”
Paul Sr is a nucklehead, typical of small one man operations. I knew a guy made himself rich, he said he hired the best he could and listened to them. Paul Sr isn’t that type. It’s his way or the highway, consequentially no one of independent stripe and willing to work hard and take on responsibility will work for him. Thus his business can’t grow because he can not do it all himself, and does not and can not in one person know everything.
That which brought him to prominence, his attitude( in a clownish way ) will destroy him.