Founder Fawn Weaver remains “unbothered” despite challenges surrounding her whiskey brand Uncle Nearest.
Uncle Nearest has been under a court-appointed receivership since August 2025 after reportedly defaulting on more than $108 million in loans from lender Farm Credit Mid-America, as AFROTECH previously reported. In response, Fawn and her husband, Keith Weaver, had pointed to errors allegedly carried out by the company’s former chief financial officer, Mike Senzaki. They filed a civil lawsuit against Senzaki for financial misconduct that included exaggerating the whiskey barrel count, which led to a $24 million credit increase from the lender and contributed to the call for a receivership.
Nonetheless, the Weavers and Grant Sidney Inc., the largest shareholder of Uncle Nearest, have shared a plan to reduce debt and stabilize the balance sheet and are pushing for the receivership to end, according to a separate article from AFROTECH. They claim the receivership has harmed Uncle Nearest, with its market position and sales volume among the affected areas…