Xango embezzlement accusations

Posted at 10:57 AM, May 21, 2013

By Alexandria Autrey

LEHI – Xango, a popular Utah beverage company, is facing a feud among its founders.

One of the founders of the company, Bryan Davis, filed a legal complaint against the other five co-founders.  Davis accused the co-founders of looting, embezzling, cover-ups, spying and bribery.

In a 38 page document, Davis said the co-founders used company money to buy expensive jewelry, designer clothes, country club memberships and chartering private jets.

An attorney for the five co-founders stated the accusations are unfounded.