Plenty of Horne: Beer Industry Suit Involves Local Company
$80 million in fabricated ‘management fees’ unsupported by formalized agreements and documented only through a one-line invoice, as well as millions of dollars in interest on intercompany loans. These ‘management fees’ and interest payments have been used to finance Gerald and Maureen’s flagrantly wasteful spending, including: (i) a salary to Gerald exceeding $40 million over the past several years [2015-2019]; (ii) a salary to Maureen (who performs no work for the Companies) in amounts approaching $3 million; (iii) Gerald and Maureen’s purchases of tens of millions of dollars...
Source: urbanmilwaukee.com