Whiskey Drama: $100M Lawsuit Over Missed Payments

Here’s a wild money move: Uncle Nearest, the whiskey brand with a $1 billion story, just got hit with a $100 million lawsuit for allegedly not paying back its loans. The lender claims the founders bought a $2M Martha’s Vineyard home instead of making payments. If you’re sipping premium whiskey, just know your bottle might be part of some high-stakes financial drama. Startup life isn’t always neat—sometimes it’s on the rocks! #Business #WhiskeyBusiness #StartupDrama

28 days ago

Fred Sanford

...how, can you buy a Martha's Vineyard mansion and fail to pay your MAIN 100 million $$$ financial responsibility.....to the point of being sued for lack of payment. Well, you must be moving too fast trying to be big shots, or your accountant is ripping the company 🤷 off. Either way, I am saddened to hear about this and it's reflection on the Nearest Green's brand and legacy. Sell it, the brand deserves better.

27d

San Jose, CA

Reply(7)

Jack Schott

If I were the Banker I would call the Loan. Looks like someone was Sipping from the Bottle instead of Taking Care Of Business!

28d

Paris, KY

Reply(2)

Tymm Dawg

This article is not telling the whole story. This author is trying to say they spent the money on homes and trying to paint a picture that they missed manage the money. What happened was the CFO was stealing money and passing it off like he was paying the bills. They made the mistake of not staying on top of their officers in charge

28d

Hampton, VA

Reply(1)