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    Join the membership to get access to the full episode + BTS exclusive content! Full episodes release 2x a week! https://www.youtube.com/channel/UCxHNZUsr5RvPmOIz7bhX34A/join Fawn Weaver Has Legal Win As Uncle Nearest Files Lawsuit Against Lender Black Millionaires Podcast There’s a major new development in the Uncle Nearest receivership, and this time the focus isn’t just on the company’s former CFO—it’s also on the lender. As a reminder, Uncle Nearest was placed into court-appointed receivership in August 2025 after defaulting on roughly $108 million in loans from Farm Credit Mid-America. The court appointed Philip Young Jr. to oversee the company, and earlier this summer he removed co-founders Fawn and Keith Weaver from their leadership positions. Now the receiver has filed a negligence lawsuit against Farm Credit Mid-America, arguing that the lender ignored multiple warning signs that allegedly allowed a massive fraud to continue for more than a year. According to the lawsuit, Uncle Nearest had three different loans with Farm Credit. The first was a traditional term loan, similar to a mortgage with fixed repayment terms. The second was a real estate line of credit secured by the company’s distillery. The third was a revolving line of credit that originally totaled $35 million, functioning much like a business credit line. The receiver alleges that while serving as chief financial officer, Michael Sazowski orchestrated a scheme to dramatically increase that revolving credit line. According to the filing, between July 2022 and August 2023, Sazowski repeatedly submitted falsified inventory reports claiming Uncle Nearest owned significantly more whiskey barrels than it actually did. Because those barrels served as collateral for the revolving loan, the receiver says Farm Credit relied on those reports when increasing the available credit. Over that 13-month period, the lender allegedly raised the revolving line of credit from $35 million to approximately $66.98 million. #blackmillionaires #jameshilltv #blackmillionaires #unclenearest #fawnweaver
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