Court Documents Cast Doubt on Fawn Weaver's Instagram Declarations

Recent court documents related to Uncle Nearest reveal a different story than what has been presented on social media by Fawn Weaver. She had denied knowledge of the company's financial difficulties, attributing issues to a former CFO, but filings indicate her involvement in key financial agreements.

Financial Discrepancies

Weaver described the company publicly as thriving with record sales, yet receivership reports indicate insolvency and struggles with operational costs. An emergency $2.5 million funding was needed post-receivership for basic functions. The company owes significant sums to Farm Credit and unsecured vendors, alongside potential barrel inventory obligations.

Contradictions in Financing Agreements

Weaver's claims of being unaware of certain financing are contradicted by court documents showing her signature on high-interest Merchant Cash Advance agreements. These deals are costly and suggest knowledge of last-resort financing. This raises questions about her awareness and involvement in the debt issues.

Social Media Posts and Judicial Concerns

Despite announcing an expired gag order allowed open discussion, court concern remains about Weaver’s posts impacting the business negatively. The judge made it clear that control rests with the appointed Receiver, not the founders.

Use of Personal Funds

Weaver argues funds moved between her companies were personal support without personal gain. However, substantial transactions lack documentation, prompting concerns about improper corporate practices. The Receiver seeks broader oversight due to this financial entanglement.

Martha's Vineyard Property Dispute

A property purchase through another entity is under scrutiny for potential loan violations. Allegations suggest loan proceeds bought the $2.2 million property, now collateral security beyond lender reach, prompting a Receiver's move to sell it along with other non-profitable assets.