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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Employees Make Claims of Not Being Paid

A company in Fletcher is not paying their employees.  That's the word from two men who work at Vasquez Global Investments.

News 13 spoke with their employer who says it's all a huge misunderstanding.

Just about a month ago, Ed Vasquez of Vasquez Global Investments had big plans to hire more people for his new company in Fletcher.

When Chris Malloy began working for Ed Vasquez, he thought he'd found his dream job.

Chris Malloy, employee, "in Asheville, we all know it's extremely hard to have something that can be that affluent, to have something to be able to provide for yourself, for your family, and not just survive, but survive well, in a town where I love."

But Malloy and co-worker Dennis Burnham say 3 weeks ago, the paychecks quit coming.

Dennis Burnham, employee, "when we kept getting told 'it could be another day, could be another day, and now it's been a week and a half since we had our meeting in the office, and we still haven't gotten paid."

And, now they're struggling.

"It's put us in such hard places with just doing little things as being able to commute our children and family where they need to go and put real meals on the table at this point."

They showed us a letter promising them pay, including all back pay by friday.

Eddie Vasquez, owner, "it was contingent, and they're well aware of this, on the funding process being completed by today.  Unfortunately, I was told yesterday afternoon, it was not completed, and it should be completed no later than this coming Wednesday."

Ed vasquez says  he never meant to cheat his employees.  Private investors keep his company running, "that funding process was what was delayed this month, the timing of their funds arriving to us to operate."

Vasquez says it's the first time he's had that problem since his company began in 2011, he promises it will be the last, with  plans in the works to create a company reserve.

"That will allow us that if we have any delays on our inflows, we can basically operate the company for about 36 months and not have any more issues similiar to the one we just had."

Ed Vasquez says this is the office he has planned for Dennis and Chris, adding their jobs are still here, if they want them.

But, Chris and Dennis say they're not sure what to do now, with their faith and security shaken.

"You put a lot of faith in an employer, especially a new business, and I feel pretty let down."

By Karen Wynne
Follow Karen on Twitter @KarenWynneWLOS