The bankrupt owner of the bankrupt Premier Cru has Wells Fargo’s $100K supercharged Corvette and they want it back.

Even as complaints about Premier Cru Fine Wines continued to mount on Yelp and The New York Times, John Fox — the now-bankrupt owner of the now-bankrupt wine company — found time to stop into a Bay Area Chevy dealership and buy a 2016 supercharged Corvette[$ VIP pdf]  loaded with goodies and worth more than $100,000.

 

 

Wells Fargo financed the deal and now they want their supercar back [$ VIP pdf].

 

A hearing on the bank’s request is scheduled to be heard March 16 in the U.S. Bankruptcy Court for the Northern District of California.

 

 The pricey sports car, however, is only one indication of where some of an estimated $70 million may have gone.

 

He was also the owner of a multi-million-dollar Alamo mansion — a property which he managed to sell roughly two weeks after the Premier Cru bankruptcy and just about two weeks before he filed his own personal Chapter 7.

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Editor’s note: the Premier Cru implosion has been well covered by The Wine Spectator. A selection of recommended WS links can be found at the bottom of this page.

Also In This Article:

The full text of the following sections is available to premium subscribers of Wine Executive News.

• Sketchy bankruptcy filings blamed on federal criminal investigation
• Disingenuous Premier Cru filing
• Premier Cru property ownership in limbo?
• Fox’s Alamo Mansion & Creative Financing.

Full Court Documents Available to Wine Executive News Premium Subscribers

• The Corvette sales contract and other details
• Wells Fargo’s request to repossess the Cornette
• Fox’s personal Chapter 7 filing
• Attorney request for delay based on criminal case issues

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