It aided the money laundering of over $420 million in profits made by Pablo Escobar per week. [20] Via media, Escobar Inc publicly offered Musk a settlement of $100 million[21] in cash or Tesla shares; otherwise they would use the legal system to take over Tesla. Escobar was shot and killed in December 2 in his hometown of Medellín while a fugitive from Colombian authorities. Jeremy Moorhead / CNN, An online movement has these Trump supporters convinced the election was stolen. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Roberto Escobar, the late Pablo Escobar's brother, unveiled a foldable phone that claims to be a 'Samsung killer'. [18] After raising $10 million in 10 hours, the page was removed.[19]. 5:44 PM EST, Wed December 4, 2019, Plagued by issues, Samsung's Galaxy Fold is finally going on sale, PHOTO: Password reset email has been resent. All rights reserved. The company claims it has the most durable screen for a phone on the market. [23] The prior owner demanded $3 million for the domain name[24] and on October 7, 2019, the case was ruled in the favor of the company with the domain name ordered to be transferred to the company. Welcome to 2019, where that’s a completely normal and factual sentence. Getty Images/SNL/YouTube/CNN. Yes, there’s the kingpin connection. Pablo Escobar was reportedly responsible for trafficking 80 percent of the world’s cocaine during the late 1970s and early 1980s. Notorious drug lord Pablo Escobar's biological brother Roberto De Jesus Escobar Gaviria has officially launched a new foldable smartphone named Escobar Fold 1.It is a phone that looks like the Samsung Galaxy Fold but Escobar is targetting Apple with his company, Escobar Inc., and products. Disclaimer. To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. On Monday, Pablo Escobar's brother started to take orders for a second foldable phone at the low price of $399. Robyn Beck/AFP/Getty Images, Here's how Prop 22 could transform the gig economy, Watch astronauts arrive at International Space Station, smart tech overfishing spc intl_00015623.jpg, See Apple's new Macbooks with the M1 chip, Watch: People travel in Virgin Hyperloop for the first time, PHOTO: Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Roberto surrendered to the police in 1992 during a crackdown of the Medellín Cartel, and he spent 10 years in prison for drug-related crimes. ABOUT. we are only a phone call away. The Escobar Fold 2, which is a Galaxy Fold covered in some gold foil. [11], The company was formed into a legal corporation on April 20, 2015 in Puerto Rico[12], On July 1, 2016, Escobar Inc sent a letter to Netflix, Inc. regarding the series Narcos demanding $1 billion in payment for unauthorized usage of content. “The only true way to break our phone is to burn it, which I would imagine an average user would not do.”. Earlier this year, Escobar Inc. sued Elon Musk’s The Boring Company over what it claimed was a stolen idea for a consumer flamethrower. We guarantee a detailed, competitive estimate in under 24 hours! The venture into the phone hardware sector came as a surprise to many. All rights reserved. Forbes put Pablo Escobar on its list of the world’s billionaires from 1987 until 1993. The company is known for its association with Roberto de Jesús Escobar Gaviria, the brother of Pablo Escobar,[7] and various scams involving selling phones. On January 8, 2019, Gustafsson launched a $50 million GoFundMe fundraiser under his name on behalf of Escobar Inc in an effort to impeach President Trump. Since 2005 - Escobar Trading Inc; Address: 10261 SW 92 Terrace - Miami FL. Escobar Inc Last year a company inspired by late Colombian drug kingpin Pablo Escobar revealed a foldable phone that was meant to … This corporation is tied to an alleged scam involving selling refurbished smartphones with Escobar Inc branding and subsequently sending bogus product orders consisting of a book, allowing Escobar Inc to claim the phone had been delivered. SERVICES. This undoubtedly an ambitious goal from a company that is yet to make its mark in the phone industry. Escobar Logistic, Inc is a transportation company in Oakland, California operated by the most knowledgeable drivers on the road. Updated And that is what is happening now.”. [13] On September 11, 2017, Carlos Muñoz Portal, a location scout from Netflix, was found assassinated in his car in Mexico. More. Escobar Inc was founded in 1984 in Medellin, Colombia, as a general holding company for the Escobar brothers' assets. All Rights Reserved. (Credit: Escobar Inc.) The phone was supposed to arrive in March, according to Roberto’s company, Escobar Inc. It was established on May 1, 1984 by Pablo Escobar, a day after the assassination of the Colombian Minister of Justice Rodrigo Lara Bonillaas a means of funn… Fabiola Ferraro/Bloomberg/Getty Images, he set up a tour of one of his brother’s homes, letter bomb that went off close to his face in prison in 1993. Hear Ashton Kutcher's plea to lawmakers on proposed child abuse legislation, These Trump supporters say big tech is biased. The phones are assembled in Hong Kong via Escobar Inc.'s subsidiary, Pablo Phone Ltd. Medellín: From 'most dangerous city' to tourist hot spot. 1301 Wilson Ct. [22] No action has been taken since. [1][2] It was established on May 1, 1984[3][4] by Pablo Escobar, a day after the assassination of the Colombian Minister of Justice Rodrigo Lara Bonilla[5][6] as a means of funneling large sums of cash outside of Colombia with the help of his brother, Roberto de Jesús Escobar Gaviria. In July 2019, Escobar Inc started selling a propane torch made to look like a flamethrower and accused The Boring Company CEO Elon Musk of intellectual property theft, alleging that The Boring Company's promotional Not-a-Flamethrower is based on a design that Roberto Escobar discussed in 2017 with an engineer associated with Musk. Roberto Escobar has dreams of beating Apple Inc. with his new $349 foldable phone. Pablo Escobar’s brother is suing Europe’s most valuable fintech Klarna, valued at $10.6bn, for withholding Escobar Inc’s foldable phone funds sold on Klarna’s platform. The phone appears very real, and yes you can get it from wherever in the word you may be, because of “FREE SHIPPING“. Continuing unforced errors bode poorly for his hopes in a contested Republican convention", "Pablo Escobar's brother launched $50M GoFundMe to impeach Donald Trump", "Pablo Escobar's Brother Reportedly Raised $10 Million for His Impeach Trump GoFundMe Page", "Pablo Escobar's Brother Wants $100M Tesla Shares, Claims Musk Stole Flamethrower Design", "Pablo Escobar's brother pours fuel on the flamethrower feud with Elon Musk", "Pablo Escobar's brother escalates flamethrower feud with Elon Musk, threatens Tesla takeover", "Pablo Escobar's brother wins $3M website lawsuit, vows to take down Elon Musk and Apple", "Pablo Escobar's Brother Threatens Apple, Accuses Elon Musk Of Stealing Flamethrower Idea", "PabloEscobar.com, la revancha digital del capo colombiano", "Pablo Escobar's Brother Unveils Folding Smartphone with Help of Hot Models", "Escobar Fold 1 snort all it's cracked up to be: Readers finger similarity to slated Chinese mobe", "The $399 Escobar Fold is actually a Samsung Galaxy Fold with a sticker", "The Truth About the Escobar Folding Phones! [8][9], Originally established on May 1, 1984[3][4] by Pablo Emilio Escobar Gaviria, the day after Colombian Minister of Justice Rodrigo Lara Bonilla's assassination,[5][6] the company was used as a means of funneling large sums of cash outside of Colombia with the help of his brother Roberto de Jesús Escobar Gaviria. Escobar Inc. CEO Olof Gustafsson told CNN that the screen is made of a proprietary plastic that “makes it almost unbreakable,” claiming that it is the “most durable telephone screen on the market.”. AREAS WE SERVE. [10] The company and its activities were stopped when Roberto Escobar surrendered to authorities on October 8, 1992. Escobar Inc. was founded with the primary business purpose is of maintaining control of Pablo's image and life story. [28][29] Many customers, when ordering the phones, said that they never received them, with only tech influencers actually receiving products. Roberto Escobar, brother of former narcotics kingpin Pablo Escobar, runs the investment firm Escobar Inc. PHOTO: “We want to beat the competition,” Gustafsson told CNN. As we said, though, the Fold 1 never actually delivered, despite Escobar, Inc. taking orders for it. ... Escobar Inc is still accepting orders for the Escobar Fold 2 which is retailing on the website at $399. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Verification email has been resent. The Escobar Fold 2 looks a lot like Samsung's Galaxy Fold. American actor and tech investor Ashton Kutcher speaks to CNN about his urging of EU policymakers to grant tech giants like Facebook and Google a reprieve from new privacy rules that would prohibit them from using automatic detection tools to combat child pornography. The smartphone is "always ready to fold" and it will be easy to turn it into a tablet, Escobar Inc., the company now run by Roberto, says in a description on its website.. LOCATION. Book Online. Latest bendy phone effort from coke empire spinoff Escobar Inc is a tinfoil-plated Samsung Galaxy Fold 'scam' No, really, don't try to get the real-deal $1,980 version for $350 [31], Colombian multinational conglomerate holding company, "Pablo Escobar's brother is trying to sell refurbished iPhone 11 Pros for $499", "Pablo Escobar's Brother May Be Scamming Users With Foldable Phones", "10 facts reveal the absurdity of Pablo Escobar's wealth", "Colombian drug cartel leaders surrender", "Real-Life Drug Kingpin Wants Netflix to Pay Him $1 Billion for 'Narcos, "Pablo Escobar's brother says 'Narcos' should 'provide hit men' for crew after location scout killed", "Pablo Escobar's brother abandons his battle with Netflix over Narcos", "The Daily 202: Is Trump a choke artist? “We figured out very fast that if we make a good telephone that folds for a reasonable price, we can sell many units. © 2020 Cable News Network. For a price Estimation. The foldable phone sold by Escobar Inc. also made similar claims, but reviewers who got access to the device testified that the gold-plating was a con job, attained by sticking a gold-tinted aluminium foil. Escobar Inc. was established in 1984 and is based in the UK. After his release, he set up a tour of one of his brother’s homes as a business and once claimed that he discovered a breakthrough in finding a cure for AIDS. On August 28, 2019, Escobar Inc filed a UDRP complaint regarding cybersquatting of the domain PabloEscobar.com with the then-National Arbitration Forum. ", "Please Stop Buying the Foldable Phone From Pablo Escobar's Brother", https://en.wikipedia.org/w/index.php?title=Escobar_Inc&oldid=994507937, Conglomerate companies established in 1984, Multinational companies headquartered in Colombia, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 December 2020, at 02:11. As Escobar Inc. comes under fire for scam accusations, Maddy Christopher investigates the mysterious Escobar … Escobar Inc. says the initial production of its second foldable phone, which it calls “the real Samsung killer,” is limited to 200,000 units. Now, he’s got his eyes set on a new market to disrupt: smartphones. All times are ET. Charley Gallay/Getty Images for Airbnb, Watch: Airbnb founder stunned on live TV by stock price, PHOTO: The company was formed by Roberto Escobar in 1984 as a holding company for “assets and value protection” for the Escobar brothers, according to its website. Called Escobar Fold 2, a tear down shows it is a Galaxy Fold wrapped in tinfoil. Prices start at $349. “Our phone has gone through rigorous testing,” Gustafsson said. Photo Illustration: Kena Betancur/Getty Images, Zoom's founder says he 'let down' customers. Here's why, See Walmart's self-driving delivery trucks in action, This robotaxi from Amazon's Zoox has no reverse function, Airbnb CEO Brian Chesky speaks onstage during "Introducing Trips" Reveal at Airbnb Open LA on November 17, 2016 in Los Angeles, California. [16], On April 11, 2016, prior to the 2016 United States presidential election, it was reported by The Washington Post, with the help of Zignal Labs, that Escobar Inc CEO Olof K. Gustafsson had helped Republican candidate Donald J. Trump obtain social media followers[17] resulting in Trump's social media presence spiking. A Warner Media Company. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. The phone uses Google’s Android operating system. Escobar INC Phone scam: Escobar INC is scamming customers by selling Galaxy Fold lookalike at fraction of the price.. Escobar Inc established in 1984 is the official holding company for Pablo Escobar, founded in 1984 by his brother Roberto Escobar in Medellín, Colombia according to their website. Like most people, when I saw the Escobar Fold 1 I thought it was a hoax.But as with many new products in tech, the gold-coloured folding phone bearing the … HOME. CNN Sans ™ & © 2016 Cable News Network. The Escobar Fold 1, from Escobar Inc, is unusual for a number of reasons. Escobar Inc is a Colombian multinational conglomerate holding company headquartered in Medellín, Colombia. Escobar Inc, the company founded by the brother of late Colombian pharmaceutical executive, Pablo Escobar, has announced it’s getting into the handset business. The phone was supposed to arrive in March, according to Roberto’s company, Escobar Inc. [30][31] It has also been alleged that Escobar Inc sent bogus product orders consisting of a book, allowing Escobar Inc to claim the phone had been delivered. For full specs, head over to Escobar Inc, where you can also purchase the unlocked phone for $349 USD and $499 USD, for the 128 GB and 512 GB versions, respectively. 33176 USA Phone: +1 7863997280 Email resume: f.escobar@escobarlogistics.com Phone: 1 (510) 822-5955 Fax: (510) 526-4195 Address: 9701 WALNUT ST OAKLAND CA 94606 “I have told many people that I would beat Apple and I will,” he says to Digital Trends. CONTACT. [25], On December 2, 2019, Escobar Inc released what it called the Escobar Fold 1 smartphone featuring a flexible screen,[26] which ended up being a rebadged Royole Flexpai. Most stock quote data provided by BATS. (Photo by Charley Gallay/Getty Images for Airbnb), PHOTO: CONTACT. Success! The Escobar Fold 2 is a foldable phone being sold by Pablo Escobar’s brother. Currently responsible for managing the assets of the Escobar family, including but not limited to the intellectual property rights and licensing of same. Escobar Inc, the company founded by the brother of drug lord Pablo Escobar, has launched its second foldable phone, this time drawing a lot of inspiration from the Samsung Galaxy Fold. [14] Roberto Escobar denied any involvement and offered to provide hitmen as security for Netflix. E scobar Inc said that the phone was designed in the US, will be produced in Hong Kong and features "unique technology and design".. Roberto Escobar, 71, is releasing a foldable phone through his investment company, Escobar Inc. It’s called the Escobar Fold 1, and it’s named after his brother.