Brewery says it caught thieving co-owner on tape: “Nobody at Joyride is aware”

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Brewery says it caught thieving co-owner on tape: “Nobody at Joyride is aware”
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Joe Nguyen is a digital strategist for The Denver Post. Previously he was the online prep sports editor. Prior to that, he covered Adams County and Aurora in the YourHub section. He has previously covered Colorado’s Asian-American communities as editor for Asian Avenue magazine and AsiaXpress.com.

A bankrupt Edgewater brewery claims to have audio recordings in which its former general manager boasts of filching hundreds of thousands of dollars from the company.

“I mismanaged finances within Joyride, colluded between two companies, supported Live Slow with finances from Joyride, nobody at Joyride is aware,” Babb allegedly said in one. Allred didn’t respond to a Friday request for the recordings or a fuller transcript of what was said. Joyride’s Chapter 11 bankruptcy, which it also blames on Babb, has gone smoothly. Last month, the brewery laid out a 32-page plan for reorganizing that calls for its largest creditor, the U.S. Small Business Administration, to be repaid its $531,000 in full over five years. A judge will decide whether to approve that plan and end the bankruptcy at a hearing July 10.

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