Veritas News Network - Truth is Trending

When the Gringo Star Street Bar in Tempe, Arizona closed abruptly in mid-January, investors said they were taken by surprise when they learned via Facebook post that the popular nightspot had closed its doors for good. “I had no idea it closed,” said a Tempe resident at the time, who had invested in the establishment. His sentiment was echoed by other investors, who wished to remain anonymous for fear of financial retribution. The surprise was not that the establishment had closed, but that shareholders had learned of the closure on social media. As reported January 20, a post on the bar’s Facebook page alerted customers to the closing. There was no explanation given and numerous questions from patrons were left unanswered. In March, Wright told shareholders that once the books were reconciled, they would receive their return on investment. Months passed without payment. Now the former managers are in a bitter legal battle with Wright, alleging he misappropriated Gringo Star’s funds.  Conversely, Wright is al