The court-appointed receiver overseeing Uncle Nearest has terminated Fawn Weaver’s employment and ended the involvement of both co-founders, Fawn and Keith Weaver, with the company. The decision took effect on June 1, 2026, and was disclosed in a federal court report filed on July 10.
The Fourth Quarterly Report of Receiver was submitted to the U.S. District Court for the Eastern District of Tennessee by Justin T. Campbell of Thompson Burton PLLC, counsel for receiver Phillip G. Young Jr.
“Due to a variety of factors, many of which have been covered in this report, the Receiver made the decision to terminate Fawn Weaver’s and Keith Weaver’s employment and involvement with the Company,” the filing states.
According to the report, the receiver also restricted the Weavers’ access to company facilities and systems. Their personal property was returned to them or their representatives.
The receiver has also reportedly “pressed forward with the sale of property in Martha’s Vineyard”. Said property has been a point of contention throughout the legal battle. A vineyard in Cognac, France, is also reportedly being sold.
“While this decision was not made lightly, it has resulted in significantly less confusion among employees and vendors, and has made business operations significantly smoother,” the report states.
The Weavers separately confirmed receiving termination notices in a joint answer filed with the court on July 7. Their filing states that Fawn Weaver received a notice “on or about June 1, 2026.”
It also says Keith Weaver received a termination notice at approximately the same time, although the filing maintains that “he was not an employee.” The filings therefore agree that both Weavers’ involvement ended, but differ on Keith Weaver’s formal employment status.
The Weavers remain individual defendants in Farm Credit Mid-America’s lawsuit against Uncle Nearest. The company was placed under court-appointed receivership in August 2025 following a dispute involving loans of more than $100 million.
The original receivership order transferred the powers of Uncle Nearest’s officers and directors to Young. However, it initially allowed Fawn and Keith Weaver to continue marketing the company’s products and managing the brand under the receiver’s supervision.
The latest quarterly report also discloses that the receivership received document subpoenas from the U.S. Attorney’s Office for the Southern District of New York and the U.S. Securities and Exchange Commission.
The filing does not identify the focus of either inquiry or state that any individual or company has been accused of wrongdoing. It says the receiver and advisers are working to comply with the subpoenas.
The report also addresses an ongoing forensic investigation into Uncle Nearest’s finances and operations. It states that the receivership estate “likely has viable causes of action” against several parties, including Fawn Weaver, Keith Weaver, former chief financial officer Mike Senzaki and entities controlled by former officers or directors.
No such claims had been filed when the report was submitted.
The receiver has also entered into a letter of intent concerning the proposed sale of substantially all assets associated with Uncle Nearest’s operations. The identity of the proposed buyer was not disclosed.
According to the filing, the receiver expects to seek approval for a sale through either the receivership proceedings or a prepackaged Chapter 11 process.
Fawn Weaver recently announced that she would be stepping away from social media in order to finish a new book. Many fans of Uncle Nearest have remained steadfast in their support of Weaver, who has denied any wrongdoing.
Read the full article at Uncle Nearest Founder Fawn Weaver Fired By Receiver Amid Legal Battle
