Ant Anstead's Radford Motors Files for Bankruptcy Amid Fraud Allegations
The luxury car company co-founded by Ant Anstead faces financial restructuring and legal battles over alleged mismanagement.
- Radford Motors, co-founded by Ant Anstead and Jenson Button, has filed for Chapter 11 bankruptcy as it undergoes strategic restructuring.
- Anstead and business partner Daniel Bednarski face lawsuits from former partners alleging fraud and financial mismanagement, including a $2 million claim by Pastor Pat Velasco.
- Roger N. Behle Jr., another co-owner, accuses Anstead and Bednarski of misusing company funds, including paying personal expenses with business money.
- Despite the legal challenges, Anstead remains committed to Radford's vision, emphasizing the company's dedication to luxury craftsmanship and operational continuity.
- The bankruptcy filing comes as Radford Motors aims to strengthen its foundation and ensure continued excellence in luxury vehicle production.