The owner of a Denver bike shop that’s been for failing to deliver on e-bikes purchased with state rebates had more than $521,000 in assets seized as part of an unspecified investigation by the FBI, the agency announced Friday.
Takuma Keita Owuo-Hagood, who recently bought Rifle-based bike store Bear Trail Bikes, has been embroiled in a number of civil lawsuits regarding the store, including unpaid rent and a restraining order filed by the former store owners. Hagood, who lives in Centennial, does not appear to have any active criminal charges and the FBI did not respond to a request for comment.
The statute cited in the seizure notice by the FBI pertains to proceeds allegedly from “some form of unlawful activity.” An attorney for Hagood did not return a request for comment on Friday.
included a 2021 Lamborghini Huracan, a 2025 Mercedes-Benz EQB 250+, a 2024 Land Rover Range Rover and $116,000 cash from his personal and business accounts.
Hagood bought the bike store in September, according to court filings. He almost immediately ran into legal claims.
The former owners accused him in October of selling bikes in Denver, despite the business not being licensed there, and failing to properly account for the sales under the state rebate program, including by counting duplicate entries of sales. The former store owners flagged “an extremely high volume of sales that is far beyond what the business was previously doing” and worried about being implicated in potential wrongdoing.
In November, they filed a temporary protection order against Hagood.
In June, that Hagood had been selling bikes at the cost of state tax credits — but then taking months longer than promised to deliver the bikes or failing to deliver them altogether. According to 9News, companies can receive an advance on the tax credits.
Hagood’s landlord for a Lakewood storefront accused him of failing to pay rent since February, just three months into the lease. The lawsuit also accused him of failing to make needed repairs and making unauthorized renovations, which total between $50,000 and $70,000 in damage, not including unpaid rent, according to the complaint.
Bear Trail Bikes also faces a $6,000 small claims court complaint that alleges the business engaged in “a clear pattern of ‘bait and switch’ advertising and a failure to deliver goods within a reasonable time.”
