Fraud
Rumors of fraud began to emerge and the California Securities Commission began an investigation. Although Clifft said he still believed in the project and said that he was promised $3 million in royalties once the Dale went into production, he only received $1,001, plus a $2,000 check, which bounced. Carmichael went into hiding and was featured in an episode of Unsolved Mysteries which detailed the fraud behind the Dale as well as the fact Carmichael was wanted. She was eventually found working under an alias in a flower shop and was arrested shortly after the episode's airing. Elizabeth Carmichael, as a result, went to prison. Unverified sources from the Museum of Hoaxes website state that she died in 2004 of cancer, while other sources from the same site indicate she may still be alive and living in Austin, Texas with a daughter.
Read more about this topic: Twentieth Century Motor Car Corporation
Famous quotes containing the word fraud:
“Things gained through unjust fraud are never secure.”
—Sophocles (497–406/5 B.C.)
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)