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TWiB: The Secret $20M Loan Hiding in Uncle Nearest’s Books
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1,379 views107likes41:11BourbonPursuitOriginal Release: 2026-05-29

The Uncle Nearest bourbon brand, owned by Fawn Weaver, has been subject to a federal court receivership investigation that expanded to include Grant Sydney Incorporated, a holding company used to conceal a $20 million loan from Marcy Penn. A federal judge in Tennessee ordered the receiver to investigate if assets were improperly diverted into Grant Sydney, which owns 30% of Uncle Nearest's shares. The court deemed Fawn Weaver's $300 million valuation of the company not credible, estimating its actual value between $50 million and $125 million against $28 million in debts. The receiver has declared the company insolvent, meaning it cannot pay its debts as they come due, and the bank will likely have to accept less than what they are owed.

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