Join the membership to get access to the full episode + BTS exclusive content! Full episodes release 2x a week! https://www.youtube.com/channel/UCxHNZUsr5RvPmOIz7bhX34A/join Fawn Weaver, Uncle Nearest, And The $20 Million Jay-Z-Linked Loan At The Center Of A Growing Legal Fight The legal battle surrounding Uncle Nearest, the whiskey brand co-founded by Fawn Weaver, has taken a major turn after a federal judge found that the company concealed a $20 million loan tied to Jay-Z’s investment circle and misrepresented the money as shareholder funding. The dispute is part of a broader lawsuit filed by Farm Credit Mid-America against Uncle Nearest, Fawn Weaver, Keith Weaver, and related entities. The lender says Uncle Nearest defaulted on more than $100 million in loans, while Weaver’s side argues Farm Credit has pushed a false and damaging narrative about the company’s finances. At the center of the latest controversy is a $20 million loan from MP-Tenn / MarcyPen, a firm connected to Jay-Z and partners. According to court reporting, that debt was not just a side issue — it became one of the reasons the court expanded the receivership over Uncle Nearest-related entities. How The $20 Million Loan Became A Fraud Allegation The issue is not that Jay-Z’s firm loaned money to Uncle Nearest. The issue is how that loan was allegedly disclosed, routed, and described. Farm Credit claims Uncle Nearest concealed the true source of the money. Instead of clearly treating it as a loan from MP-Tenn / MarcyPen, Farm Credit alleged the money was represented as if it came from Grant Sidney, Fawn Weaver’s holding company and Uncle Nearest’s largest shareholder. A Tennessee federal judge agreed with Farm Credit on this point for purposes of the receivership dispute. According to reporting on the court’s May 2026 opinion, Judge Charles E. Atchley Jr. wrote that there was “only one reasonable conclusion”: Uncle Nearest, under Fawn Weaver’s leadership, concealed its dealings with MP-Tenn from Farm Credit and misrepresented the $20 million as Grant Sidney’s own funds. ([thelynchburgtimes.com](https://thelynchburgtimes.com/nearest-green-farm-credit-update-052626/?utm_source=chatgpt.com)) That finding does not mean Jay-Z committed fraud. Public reporting identifies his affiliated firm as the source of the loan, not as the party accused of wrongdoing. The allegations focus on Uncle Nearest, Grant Sidney, and how the funds were handled and disclosed. The Money Trail Alleged In Court According to court reporting, the MP-Tenn funds were deposited into a bank account Uncle Nearest opened specifically to receive the money. The funds were then moved to a Grant Sidney account. Weaver reportedly testified that she moved the money because she did not want Farm Credit to “snatch” the funds and because Uncle Nearest needed operating cash during forbearance negotiations. Farm Credit viewed that as evidence of concealment. The judge found the explanation unpersuasive and concluded the transaction had been misrepresented. The court also said the forbearance-related documents treated the funds as a loan from Grant Sidney, with no mention of MP-Tenn. That matters because Farm Credit was already a secured lender claiming rights over Uncle Nearest assets. If Uncle Nearest brought in new debt while already in default or negotiating with Farm Credit, the lender argues it had a right to know exactly where the money came from and how it was being used. On May 26, 2026, the court expanded the receivership to include Grant Sidney Inc., the Weaver-controlled entity accused of helping obscure the source of the $20 million. Reporting says the court also found Uncle Nearest insolvent, with more than $208 million in debts and an estimated enterprise value far below that amount. Farm Credit’s debt alone had reportedly grown to more than $120 million. Other alleged debts included the $20 million owed to Jay-Z’s company, $45 million owed to Advance Spirits, and more than $21 million in other debts, including sales taxes. The judge also said he did not find Fawn Weaver’s sworn testimony credible, including her claim that Uncle Nearest was worth more than $300 million. Instead, the court estimated the company’s value between $50 million and $125 million. Weaver and her side have strongly denied Farm Credit’s version of events. In March 2026, the Uncle Nearest founders, CEO, and largest shareholder sued Farm Credit in New York, accusing the lender of running a “smear campaign” and knowingly spreading false claims about missing inventory, misconduct, negative cash flow, and insolvency. Her lawyers have argued that Grant Sidney did not personally benefit from the $20 million and that the funds went to Uncle Nearest’s business needs. One report quotes her attorney saying Grant Sidney “received no benefit” from the $20 million and that it went solely to Uncle Nearest. #blackmillionairespodcast #blackmillionaires #unclenearest #fawnweaver