Other than bankruptcy and debts John Fox has several more problems all connected to the Premier Cru fine wine store and as it seems he is not so innocent. John Fox filed for bankruptcy just a little earlier this month, while the Premier Cru filed for bankruptcy just a few weeks before.
This company official financial status involves debt of seventy million dollars and a little more than seven million dollars in assets. John Fox stated that his debt exceeds $100 million but that his assets are worth somewhere between zero and fifty thousand dollars.
Chapter 7 Bankruptcy attorney dallas said that there were more than dozen of unsatisfied customers of this store that were planning to file a lawsuit against John Fox and Premier Cru if they did not already fill it. Apparently customers ordered and paid for their wine that they never received, some of them were complaining about the low quality of wine. These customers all have their own lawyers and the total damage claims exceed 3 million dollars. It seems like bankruptcy was not the only problem that tortured John Fox’s mind.
The worst problem of all is that John Fox is now on the trial due to his customers claims that he is leading a wine retailer pyramid scheme. Unofficially there were some statements that John Fox will use his Fifth Amendment Constitutional right that includes the right not to testify and incriminate himself.
Currently, the FBI is leading an investigation in a purpose of revealing what exactly is behind this Premier Cru wine retailer store, are the statements made by unsatisfied customers true and is there really Ponzo scheme even in wine retailer business.
Until further notice John Fox will stay the number 1 subject of ongoing federal investigation.