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Resource ID: #21664
Subject: Business
Source: Bee (Fresno, Calif.)
Date: 2004-07-11



In 1992, a California politician opened a winery with about two dozen investors. By the summer of 2003, the business was bankrupt and the politician ended up with all of the company's major assets, while the other investors had worthless stock. This investigation chronicles the downfall of the winery and specifically focuses on the nine months between October 2002 and July, 2003, when a complex series of events resulted in the dissolution of the winery and an unfair distribution of assets.

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