Later Financial Trouble
In 1998, financial trouble due to a $465,000 loss from a bankrupt customer led Coddington to re-organize Boyd's Wheels and partner with his eldest son (Boyd Coddington Jr.).
His designs, with centrally featured, scratch-built components, appropriated the foundation of a vintage automobile. In his later days he began registering cars that were essentially completely custom fabrications as antique automobiles, avoiding major emissions restrictions and tax liabilities. California officials considered this a "Ship of Theseus" fraud, claiming that so many central elements were replaced the cars ceased to be the same entity. Coddington was charged with a misdemeanor and pleaded guilty on April 7, 2005.
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