Tuesday, December 22, 2009

The JP Wine Bar ponzi scheme?

Posted By on Tue, Dec 22, 2009 at 10:00 AM

click to enlarge JP_Square_Logo.jpg

A lawsuit is tearing apart JP Wine Bar's ownership.

Investors, like Ryan Maybee, claim they've never seen a penny and accuse the wine bars' owners, Linda and Keith Gobel, of mixing "money by using investments to prop up another, legally separate one" in a "Madoffesque ponzi scheme," according to KSHB Channel 41.

The investors' lawyer, Jason Kander, told the TV station that the difference between the Gobels and Bernie Madoff is that "Madoff occasionally paid something out to some of the people who were victims. In this case, there's not even been that."

Linda Gobel denied the accusations and said Maybee is only suing because he wanted to be bought out.

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