Subject: Napa Banknruptcy Clawback Victims Strike Back At Bello -VIP 2016 ISSUE 2 - Wine Executive News VIP Briefing - January 25, 2016
Date: 2016-01-25 08:16:02
To: Emailing List Subscriber
Please use CMD+F (Mac) or CRTL+ F(Windows) to find your specific search term within this issue of NewsFetch. This "double search" is due to our links sourcing from websites not within WineIndustryInsight.
| You are receiving this email because you are a premium VIP subscriber to Wine Executive News Premium Member. This briefing contains a information about -- and a link to -- the latest premium news as well as other exclusive information.
If you do not wish to receive this, please:Click the following link:
>>>> [UNSUBSCRIBE] <<<<
This is a copy of the heavily redacted article that will be sent to News Fetch subscribers this morning. You may click the red link, below, to go directly to your premium version. Full court document links are also available at the bottom of the article..
VIP Wine Executive News Member Briefing
Editor & Publisher, Lewis Perdue
2016 Issue #2 - January 24, 2016
2 Bello bankruptcy clawback victims strike back with their own lawsuits
By Jeff Siegel, Contributing Editor and Lewis Perdue, Executive Editor
What do you do when you're forced to pay back hundreds of thousands of dollars -- or more -- that you've earned because a bankruptcy court determines that you got improper payments from an insolvent company or person?
Your only alternative is to sue the person who filed for bankruptcy to get your money back.
Wine Executive News has learned that's what two Napa businesses have done, claiming that would-be winery mogul Michael Bello deceived them in much the same way he did his bankruptcy creditors when WallDesign, his Southern California building contractor firm imploded.
Creditors claim the company made improper payments to more than 8o businesses and wants those businesses to pay back the funds.
Those clawback victims range from lavish resorts, yacht service companies, exclusive country clubs, tony horse-racing accounts and yacht service companies down to the vineyard managers and employees and even the people who cleaned house at the family's Oakville estate. (Premium subscribers can access clawback list at this link.)
Bello has not filed for personal bankruptcy, therefore two of his clawback victims have filed suit against him.
Wine Executive News subscribers please click here to read the complete article.
Also In This Article:
The full text of the following sections is available to premium subscribers of Wine Executive News.
Clawbacks not unusual in bankruptcies
First two suits filed: more expected
Secret bank accounts at issue
Charges: fraud, breach of contract, unfair competition, unjust enrichment, conspiracy
Bella Casa, household manager to the wealthy, claims it was scammed
Abreau charges Bello knew the payments were improper
Suit alleges fraudulent transfer of tasting room to son
Wine Executive News subscribers may access these full court documents:
Remember, every premium article written is always available for you any time at the Wine Executive News home page.
A Reminder About Forgotten Passwords And other Issues - Your Customer Service: Personal + 24/7/365
If you need customer service with your account, you can email me and I'll take care of it personally: email@example.com.
There may be occasions when I cannot do that immediately. This is because your credit card and other information is secured by a system that can only be accessed by one specific computer. It can't be accessed by my phone, or tablet if I am away.
If I can't access that computer (or I'm asleep or on vacation_, you can get 24/7/365 help from my billing company, ECSuite at: firstname.lastname@example.org or 1-888-736-6475.
================= CONTACT DATA ====================
670 W. Napa St., Suite H, Sonoma, CA 95476
Phone: 707-326-4503, fax: 707-940-4146