Wednesday, April 16, 2014

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Austin

Scooter company shuts down, CEO disappears

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TWC News: Scooter company shuts down, CEO disappears
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Pflugerville city officials are left seemingly empty-handed.

Officials say the CEO of National Scooter Company Inc. has taken customer and city money and disappeared for good.

Two years ago, the City of Pflugerville approved a $235,000 incentive agreement to lure CEO Greg James’s company to the community north of Austin.

For about a year, James collected $165,000 from the city to create jobs and build a plant. He then decided to temporarily shut down the plant due to a “slow season.”

Nine months later, the company is still shut down and James is nowhere in sight. Learn more about the scandal in this edition of “Business Now.”

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