4

Boner Beer Makers Suing Each Other Over Fraud Charges

^
Keep Houston Press Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

When something so pure and holy as Boner Beer ends up with its key players in court filing suits, it just calls into question whether humanity can get along at all.

But, sadly, it's true. Two founders of the company are suing the other two founders, saying they defrauded them.

The fraud occurred as part of the company's move from just selling T-shirts that said "Boner Beer" to actually, you know, making beer. So verisimilitude has not always been a company motto or anything.

The suit claims that CEO Robert Lesch and CFO Wayne Wang used the corporate checking account for their own personal use.

The company began selling Boner Beer shirts, the suit says. "Within the first few months of business, the brand became wildly popular and people started asking, 'Where's the beer?' Demand to actually brew the beer became overwhelming," it says.

To actually begin making beer, the four founders, the suit says, sold stock -- 200,000 shares at $2 apiece.

One of the plaintiffs said that in October of this year, she was notified the corporate bank account was overdrawn.

"At that time, the officers requested a meeting with Lesch. Lesch admitted to the misappropriation of funds and asked to be given a chance to 'right his wrong.'

"Several days later, Lesch and Wang knowingly and deliberately distributed a falsified set of corporate financials and gave them to their fellow officers for distribution to existing and potential new shareholders."

The suit will be heard in Harris County.

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Press community and help support independent local journalism in Houston.

 

Join the Press community and help support independent local journalism in Houston.