Ben Moore, who co- founded Winthrop Intelligence, the school sports collection service, is set to record to Denver County jail on July 1 to provide a 30- day sentence for punishing contempt.
The Colorado Supreme Court earlier this month denied Moore’s request for review after the court repeatedly refused to turn over documents in his breakup case with now-ex-wife Amy Elizabeth.
According to a Sportico story final year, the couple’s divorce was one long string in a financial mess involving the Winthrop members, Ben Moore and his aunt Drue Moore. Winthrop and Ben Moore did not respond to comments.
Winthrop Intelligence was founded by the Moore relatives in 2009. The bank’s athletic department economic database service, WIN AD, immediately became a must- had for Division I schools and turned millions in profits. The membership program, which may cost as much as$ 14, 000 per year, directories hundreds of employee and contractor contracts obtained through public records requests.
However, as Sportico reported, the Moore relatives later engaged in a number of tangled business ventures, including bankruptcies and related claims, which irked Colorado district judge Judge Lisa Arnolds, who oversaw Ben’s marriage situation.
Moore informed Judge Arnolds that he left Winthrop Intelligence in 2019 and no more held any economic ties to the business. But, Elizabeth claimed that he was colluding with Drue Moore to conceal the property from the conjugal estate and that he had a multimillion dollars stake in the business. The judge agreed, and in 2021 ordered Ben Moore to give Elizabeth a$ 17.5 million settlement, plus regular family and marital aid of$ 21, 175 for the ensuing generation.
Ben Moore’s 50 % stake in Winthrop was determined by the court as being worth$ 9, 475, 000 based on the value he attributed to it on the personal balance sheets he had given to the bank to try to get a loan.
Moore claimed throughout the divorce case that he had already given the couple’s two minor children as beneficiaries a Wyoming spendthrift trust. Elizabeth, however, provided documents that called into question when or if Moore had actually conveyed the asset. Even if he had, she contended, the trust, for which Drue Moore served as trust protector, could be terminated at any point by Drue so as to return the Winthrop holding to Ben after the divorce was finalized. ( Elizabeth declined to comment on this article. )
A special master appointed in the case, who determined that the trust was “illusory and fraudulent” and” created with the specific intention of depleting or concealing marital assets in consideration of ( the ) divorce proceedings,” accepted the decision.
With good behavior, Moore’s upcoming jail sentence could be halved. Moreover, he also faces a number of remedial contempt charges as a result of the divorce, which could result in additional time behind bars.
The most recent in a line of unfavorable decisions Moore has received in the case is the decision by Colorado’s highest court to deny cert.
In January, a district court magistrate denied his motion to modify his maintenance and child support, after he testified his annual income, which was determined to be$ 1 million, had decreased by$ 850, 000.
Winthrop has recently experienced its own upheaval, aside from Ben Moore.
Two of the company’s long- standing employees, Kevin Barefoot and Kevin Cohen, have both departed within the last few years. Barefoot has since landed at Teamworks, the sports technology company, where he now serves as senior VP of business development. Cohen’s employment status is unknown, but his LinkedIn profile states that his time with Winthrop ended in January. ( He did not respond to a written inquiry. )
Last month, Winthrop hired a new director of marketing, according to Linked In.
In the company’s most recent filings with the North Carolina Secretary of State, Winthrop Intelligence listed Drue Moore’s Durham, N. C., home as its principal mailing address.
( This story has corrected the spelling of Drue Moore’s name. )