Vivint Replaces Founder With Former COO, Amid Numerous Illegal Activity Complaints
Vivint's new CEO is former Vivint COO and Vivint Solar CEO David Bywater. However, Bywater was in charge of operations during both companies' engagement in fraudulent activities, which were later investigated by the US government.
In this report, IPVM examines this announcement, the pervasive fraudulent activity that occurred under Bywater's leadership, and what this means for Vivint in the future.
Former ****** ***, ****** ***** *** ***** ******* ***** ****** ***
** **** *, ****, ******************** *********** ****** *** *******'* *** ***, effective **** **. ******* *** *** at ****** **** **** ** **** and *** ** ****** ***** **** 2016 ** ****. **** ************ ********** *********** ** **** ********, ******* *** ****** *** ** Vivint, ** *** **** ***** *** *** *** ****** ****** against ****** *** ******* ************** ****.
***** ******* ** * ******** ********* with ********** ** ******, ** *** also ** ****** ** ********** **** Vivint *** ****** ***** **** ********** fraudulent ******** ********** *** *****.
Vivint ***** $** ******* ** *** *** ********* ******* ********
****** *******'* **** ** ** ********* at ****** *** ****** *****, **** companies ******* ** ******** **** ******** in *********** ***** *** *********** **** the ** **********, ********* *** ***, New **** ******** *******, *** *** Jersey ******** *******.
******* *** *** ** ****** **** sales **** ******* ** ********* **** "hundreds ** *********" ** ******** *** customers **** *** ****** *** *** not ******* *** ******* *********. ****** knew ***** *** ********* ** ***** as ****, *** *******************, *** ********* ** ***** ****. Vivint ********** **** * ******-******* $** million *** ** *** *** ** fines ** *** ****.
Vivint ***** ******* **** *** **** ******** ******* **** "*********" *********
** ******* ****, ****** ********* $*.** ******* *** ** * settlement** *** *** **** ******** *******'* (NYAG) ****** ***** *** ****** ************ Vivint's ******** *********. *** ******** ******* called ****** *****'* ********* *** *********** "false, **********, ** *********," ********* "****************** about ********* ******* **** ** ***** personnel, ** **** **** ********* *********, and ** ****** *****'* *******." *** example, ****** ***** ********** * ** to **% ******* ******** ** ****** rates ******* ** ******* ********* *** the **** ****** "*** ****** *** of... ***** ****-***** ******* *************** **** generally *** **********." *******, ****** ***** would ******** ** ********* ***** ******* to ********* **** **** ******* ***** fell *** ****** *****'* *** ***:
*** **** ********** **** ****** ***** did *** ******** **** ********* ***** be ****** * **% ******** ** their ******* **** ** *** *** of *** ********* **-**** ********:
********* **** ******** ****** ***** "****** to ***** **** ******** **** ** review **********" ********* "******** ******** ** the ********* ****." **** ********* **** allege **** ****** ****** ***** **********:
*** ************* **** ********** **** ****** Solar ********* ***** ****** "** ***** that **** ** ****** ** *********' roofs *** ***** ***** ** ***** homes" ******* *** ******* ***** "**** to ******* **** *********' ***** ** ensure **** **** *** *** *** the ************ ** ***** ****** ****** consumers **** *********."
Vivint ***** ******* **** *** ****** ******** ******* *** ******* *********
** ****, ****** ************ * ******* **** **** *** New ****** ******** ******* (****)*** "********* ***** *********." **** ** the ****'* *********** **** ******* ** the ****'* ********* *************** ******* *******, failing ** ******* ******** *******, *********** workmanship ****** ************ *** ******* ** provide *** ******** **** * ***** view ** *** ********. *** **** also ******* **** ****** ***** "******** consumer ******* **** * ******** ********* agency ******* *** ******** ********** * business *********** **** ****** ***** *** without *** ********'* *********." ****** ***** paid ~$***,*** ** **** **********.
Other ****** ********* ********* ********
****** *** **** **** ***** ** ADT *** ********* ***** *********, **** in **** *** ***** ** ****. Starting ** ****, ***** ******* *** COO ** ******, ****** ***** **** would ******* ** ** ********** **** ADT ** **** ****** ** ********* customers' *****, **** **** **** **** to ******, ********* *****'* *********:
******’* ***** ****** *** ***** ***** pitches **** ******* ***’* ********* **** believing **** *** ****** ********* *** or **** **** *** ********* ********** with ***, *** **** **** *** visiting ** ******* *** *** ***** equipment **** ** **** **** **** no *** ***********
**** ******, *** ****** **** ***’* customers ** *** ********* **** ******.
** ****, ****** ********** **** *** $10 ******* *** ** ****** *** lawsuit. *******, ** ****, *** ************ *********, ******** ******'* ********* ********* **** never *******, ******* *** ******** **** settlement.
****** ***** *** **** ******* ** over * ***** ******** **** "************ allege ****** ****** ******** ********* ** otherwise ******* ** ***** ** *********,"********* ** * ************** ******** *****, ***** ******** *** ********* ** public *********. ** ** *** ** lawsuits *** ****** ****** *** ********** complain **** ****** ***** "******" ******* consumers' ********** ** *** ********. ***** ****, ****** ***** **** ****** *** signature ** * ******** *** ** a ********.
Future ********** *** ****** ***** ****
******'* ******* ****** **** *** ******* is *** ******* ******* *** *** leadership *** *** ** ***** ** fundamentally ****** *** ********* ******** ** business. ***** *******'* **********, ****** *** Vivint ***** ******* ********* ***** ********* to ********. ** ** ******** **** as *** ******* **** ****** *** strategy *************. ***** ******'* ******** *** has **** *** ******* *** ***** steps ** "********** *** ********** ********," he *** *** ********** ** **** those ******* ***. ****** *** ** multiple ******* *** ******* **********, ******'* picking * *** *** *** ******* operations ****** ***** ******* ********** ** negative *** *** *******.
Vivint ******** ** *******
****** ******** ** ******* ** ****'* question ****** ******* ******* **** ***** fundamental ******* ** ****** ** *** wake ** *** *********** **** *** US **********.
Vote / ****
**** ***** **** * ******
**** ***** *** *** ******* *****? It's *** ***'* *** ******** *****. Can *** *******?
"**** ***** *** *** ******* *****? It's *** ***'* *** ******** *****. Can *** *******?"
* ******** ******* ** *** * pretty **** *****. ** ***** ** didn't **** **** ** ****** ** beat **** **.
** ***** **** *** *****’* **** like **’* **** ** **** *** your *******.
"*** ** *** **** ** ******* this **** **** ***** **** * gossip."
***** *** ** **** ********** ********, but ********* ******** ** * *** to **** * **** ** * guess ** *** ****, ** ***** be ** ******* *** ******* ** narrative ** *** ***** **** **** strong ****** ********** *** ***** **** are ***** ** ********** ****** ************.
*** *** ******* **** ******* **** criminal ********? ** ***** ***** **** as *****? ***** *** *** ********** conceptual *********** ************* “***********” ** ****** for *** **** ***; ***** ****** human ****** **** *********** **** **** things ******. ********* ** *** **** decisions; ****** **** *** ***** ********* do. ****** *** *******; *** *** faceless ******* ** * *******. ** course ***’* ***** *** * ******: to ***** ********* *** ***** ** entrepreneur ** **** ***** *** ******** would ***. ***** ****…
** *** *** **** ******* **** criminal ********. ** *** ***/*** ******, $15 ******* *** * ***** **** and $* ******* ** ***** ******* redress *** *** ***** ********/*** ***** identities ******. **'* * ******* ********* for *** ** *** ** ******** general ******* ***-- ******* * **** to *** **********, **** **** ***** to ** ******* ***** *** **** impacted ** ******'* *******.
****** *** * ****** *** ** 3.25 ******* *** ******* ** $*.** BILLION ** ****. ***** ********* ******* likely *** ** ******** ********** ** their ****** **** ****** ****** **** to ***** **** *** *****.
**** *** ** *** * $*.** Billion********* ***********...
*** ***** ***** **** ********* **** AREN'T ***** ***** ***** ** ****** aren't ******** ******* *********** *****. * am **** ****'* *** *** **'* look ** **.
"*** ************* **** ********** **** ****** Solar ********* ***** ****** "** ***** that **** ** ****** ** *********' roofs *** ***** ***** ** ***** homes" ******* *** ******* ***** "**** to ******* **** *********' ***** ** ensure **** **** *** *** *** the ************ ** ***** ****** ****** consumers **** *********.""
* *****, *****, ** ***** ** can't ** ****** ******* ***** *** he ****** * *** ** * race, *****? ******* *** **** ******** better ******, **? ** ***'* ****** everyone **** ****** **** **'** ********** with *** **** ***** ******** **** they *** ****** ****. ***** ***** will **** ****** ********* **** *** doj **** **** *** *** ** made ** ** ****. * ****** whose ******* *** ***'* ******* **** out ***** ** ************... *** **** the ******* **** ******** *** ******** that ***** ** ******** ** *** heroin **** **** ***********.... ** ***** that's *** *** **** ***** **** make ** ****'* **** **** **** other ******** ******. *** *************..**** *** their **** *****...***-*********...
***..** ***** ******* *** ** **** (Pederson ** *******) **** **** ******** at *** ****** ***** ** *** that ***, ******** **, *** *** paid ********** ********, **** *****. *** some *** *** ** ***** *** cake ******* **** **** ****** ***** enhancement ********** **** ** ******** **********, no **** *********** ** *****. *** some ** **** **** ******** **** educated ****. ************* ** * ***** (you ****, **** ******* ** ****** like *** *** ***** ** **) and **** ** ***** ****** *** decency ** **** ** *** ** mask ** *** **** **** **, wait **** *** ***** ****** *** masks ******'* ****. * ***'* **** why ** **** ******** ******* * mask(maybe ** ***** ** *** **** smile ***** ** ****); ** *** have ******* *** *** ****** **** of *** ******* **** ** ****. That **** ** *** ** *** perks ** **** *** ********** ** helping **** *** ******** ** * weaponized *****; ******* * ******** ********** against ** ****** **'* ******** ** the **** ** **, **** ******* also ****** ** ~**** * **** personally. *** * *******.
******'* ******* ****** **** *** ******* is *** ******* ******* *** *** leadership *** *** ** ***** ** fundamentally ****** *** ********* ******** ** business.
**** **** ***** ********* ******** ** growing ***** ********, *** *** **** away ***** ******* ** **** ***** business ** ***. *** ****** ** supply *** ****, *******, *** **** commissions, **** **** ** ***** ***** in * *** **** * ****** alarm ******* ***'*. *** *** *** not ********* **** * ******** *** way ****** ***. **** ****'** ****, while *********, ** **********; **'* **** not *** * **** ** *** our ****** ********. ** ***** **** a *** ****** ** ** **** their *******.
*************, ****** *** ********* **** “****” on *** *********** “******* *****” ********. More ** **** **** ***** *** names.
*** ** *** **** ** ******* this **** **** ***** **** * gossip.