Weyrich holdings sold

May 4, 2012

A luxury vineyard inn built by Paso Robles millionaire David Weyrich, and what was once the Martin & Weyrich Winery, have been sold to a Chinese investment group.

Weyrich lost Villa Toscana, which had become the centerpiece of his local holdings, to a foreign lender in 2010. It’s been closed since then.

The picturesque Villa Toscana quickly became the premier location for high-end weddings and other events. But as Weyrich’s fortune dwindled because of bad investments and robust spending habits, complaints from inn employees regarding bounced paychecks began to surface.

Then, couples who had made reservations for 2010 weddings were informed that their deposits — in some cases, as much as $10,000 — were not going to be returned.

Weyrich received his investment capital in 1998 when he sold Martin Media for $610 million, a company previously owned by father-in-law Edward Martin. The proceeds were divided up between family members and investors.

During the past decade, Weyrich invested in a number of risky business ventures, including a chain of “family-values” newspapers, scores of upscale real-estate developments, wineries, hotels and a jet-leasing business. He purchased millions of dollars in property, jet aircraft and a yacht.

Weyrich owes approximately $60 million to more than 150 agencies, lenders, vendors and individuals, according to inside sources familiar with his finances.


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30 Comments

  1. paragon says:

    “Then, couples who had made reservations for 2010 weddings were informed that their deposits — in some cases, as much as $10,000 — were not going to be returned.”

    The sad thing is, thanks to bankruptcy laws that favor big corporations over private individuals (laws supported by republicans, naturally), the couples that are owed a refund of their $10,000 deposit get last priority and have to wait in line after the big banks and lending companies that Weyrich owes money to. It doesn’t seem right that big corporations who can much better handle the loss get priority in getting their money back before people who lost a significant amount of their personal savings. Also, these corporate lenders lent money to Weyrich knowing there was a risk of never getting it back, unlike someone putting down a wedding deposit.

    If Weyrich was the good Christian individual he claims to be, he would have done right by these couples ((who were pursuing the good Christian pro-family institution of marriage) and ensured they were refunded their deposit.

    (4) 10 Total Votes - 7 up - 3 down
  2. Slowerfaster says:

    60 million $$$ in debt ? Hmmm. Who were the idiot loan officers that were so prudent ?

    Shouldn’t the Weyriches now have to change their name to WAYPOOR ?

    (21) 23 Total Votes - 22 up - 1 down
  3. Spirit Filled says:

    God Bless the Weyrich’s and their huge family. Best not to hope for someones downfall. If they deserve it or not.

    (-20) 30 Total Votes - 5 up - 25 down
    • pasoparent5 says:

      Spirit Filled, we don’t have to hope for their financial downfall, David managed to do that that quite well himself. Actions have consequences (for all of us, of course) and David’s now reaping what he has sown.

      As for the many Weyrich children, of course I wish them the best and don’t hold them accountable for how their father foolishly squandered millions of dollars, egotistically branched out into businesses that he knew nothing about, and paraded himself and his wealth around the North County.

      Perhaps David’s grown kids willl learn something from all of this, like honesty, humility, integrity, the importance of paying off your debts instead of cheating others, living within your means, and not lording over ones who are less wealthy than yourself.

      (10) 10 Total Votes - 10 up - 0 down
    • Ted Slanders says:

      Spirit Filled,

      Don’t be a namby pamby! The hell we can’t hope for their downfall and take revenge upon the Weyrich’s because they went directly against our Judeo-Christian God’s word and stole from the wedding party!

      “Whoever steals a man and sells him, and anyone found in possession of him, shall be put to death.” ( Exodus 21:16)

      Barring the fact that the above passage is one of many passages that the godly individuals used below the Mason-Dixon line to uphold slavery, this is what our God says to do to one that creates theft of another!

      The godly passage in question is relative to stealing, and therefore, is relative to the Weyrich’s as well!

      (5) 15 Total Votes - 10 up - 5 down
  4. Ted Slanders says:

    Seems like a whole lot of sinning going on with the Weyrich couple! Not to despair, when one is a Christian like them, we have many outs subsequent to our sinning. I know, the un religious counter back and say we have no incentive not to sin because of these “get out of jail cards” we have, but that is just the way Christianity works, sorry.

    In one example, a true Christian can sin up to 490 times, praise Jesus! Peter came to Jesus and asked, “Lord, if my brother keeps on sinning against me, how many times do I have to forgive him? Seven times?” JESUS SAID; “No, not seven times,” answered Jesus, “but seventy times seven” For you mentally challenged at math, that is 490 times. (Mat 18:21,22)

    Therefore, biblical logic prevails in that the True Christian can at least sin up to 490 times before they need to get worried in ordering an asbestos suit for their journey to the sulfur lakes of hell!

    You pseudo-christians should be so honored in that I am here to sort biblical axioms out for you. You can thank me later.

    (-6) 38 Total Votes - 16 up - 22 down
    • trx450r1031 says:

      TS… Actually your point about 7 times 70 is about forgiveness that a person should have for another. It doesn’t imply condemnation as you have stated or does it state ones question of eternity. I can imagine it being pretty difficult to forgive somebody if you lost a $10,000 deposit for a wedding! Ouch! Too bad so many people got burned with these bad business practices. Maybe this will be a wake up call for our business community that this behavior will not be tolerated.

      (2) 28 Total Votes - 15 up - 13 down
      • Ted Slanders says:

        .
        trx450r1031,

        Ahhhh, but what does the Judeo-christian God think about this continuing sinning scenario?! You’re blatantly wrong with your notion that sinning in this respect doesn’t imply condemnation and salvation!

        To wit: “No one who is born of God will continue to sin, because God’s seed remains in him; he cannot go on sinning, because he has been born of God.” (1 John 3:9)

        “For if we deliberately continue to sin after receiving the knowledge of the truth, there no longer remains a sacrifice for sins.” (Hebrews 10: 26 ) CAN THIS PASSAGE BE ANY CLEARER THAN THIS, HELLO?

        Weyrich, as a Christian, and knowing that he was continuing to sin, falls under the guise of the above two verses, period! Once again, if a TRUE Christian who receives the truth that it is wrong to sin, and continue to do so, then there is NO salvation for that person, period! GET IT?! A Christian cannot have their cake and eat it too!

        Pseudo-christians, please save any Satanic spin doctoring on your behalf for the sake of your further embarrassment. The Judeo-Christian God’s intent is very clear, even to a Cindy, et al, so if you try in vain to spin doctor these passages away from the LITERAL word, then you’re showing that the bible contradicts itself! Do you really want to go there? I didn’t think so! Thank you.

        Bottom line; you cannot go on sinning if you know the truth in that you shouldn’t, because when you do, like 99 percent of you pseudo-christians that inhabit CCN, you do not have the salvation of the sacrifice of Jesus the Christ upon your demise! It’s just that simple.

        (-2) 26 Total Votes - 12 up - 14 down
        • trx450r1031 says:

          Geez… No need to get all preechy, I just thought it was interesting that the example you gave did not imply the point you were making. I’m not sure if you noticed but I think that people would take you more seriously if you presented your arguments with more humility in your tone of what your writing. Messages of caractotor and morality don’t go over well when the person delivering the message conducts himself arrogantly and is presumptuous (considering that those things are qualities of one behaving with poor character).

          (-6) 20 Total Votes - 7 up - 13 down
          • danika says:

            TRX, new here, huh?

            TS is our resident preacher and we have come to realize he does this with the best of intentions. He knows his scripture well. Warning: just don’t get on his bad side!

            I knew I was going straight to hell when I turned 2 (mom told me so many, many times) and I have lived to be 50 knowing this. My salvation is giving back to my community, my family, my friends. I do all I can for them freely.

            Yeah, TS, I know…I’m still going to hell…. ; )

            (11) 15 Total Votes - 13 up - 2 down
            • trx450r1031 says:

              Ok Danika, you seem like a strait shooter! Nice usage of satire too! lol I have enjoyed reading CCN. I can understand what you mean about TS having good intentions… I’ve known some hell an brimstone and fire people. As a tribute to TS, here is the Bible verse of the day: A SOFT answer turns away wrath, but grievous words stir up anger. (Proverbs 15:1)

              (-3) 17 Total Votes - 7 up - 10 down
            • Ted Slanders says:

              danika,

              Dear, God and I thank you for the recognition. God only knows that I am needed within this forum to try and save as many non-religious, and pseudo-christians that I can within the context of CCN’s stories.

              On a side note, yes dear, I am sorry, but you are going to hell. One of the many reasons you are, is the fact that you wear pants! So, live out each day as if it was your last. :(

              “The woman shall not wear that which pertaineth unto a man, neither shall a man put on a woman’s garment: for all that do so are abomination unto the Lord thy God. (Deuteronomy 22:5) Of course we know another “abomination” that our God didn’t like, and they were to be killed because of their blatant infraction. (Leviticus 20:13)

              Be careful dear.

              (7) 15 Total Votes - 11 up - 4 down
          • Ted Slanders says:

            trx450r1031

            What YOU fail to comprehend is the FACT that within the 7×70 scenario is, SINNING! It most certainly does pertain to condemnation because there is a cut off point of 490 times. Subsequent to 490 times, you’re hell bound, or Jesus wouldn’t have given that number in the first place! Get it?

            Then the follow up of my God’s word specifically states that if one continues to sin, and knowingly do so, then there is NO salvation! Get it? See the nexus between the passages? Sure you do.

            The 490 sin scenario gives the Christian a time period with the act of sinning, and they can actually count it down to the point where they will be swimming in the sulfur lakes of hell upon their demise. Get it?

            Would you have the nerve to tell Jesus He needed more “humility” with his rampant actions against the moneychangers in the Temple as He drove them out with a whip and overturned their tables? Huh? I didn’t think so! (John 2;15)

            At times I act in the same manner as Jesus did in the Temple shown above to get His points of doctrine across to the ignorant.

            (6) 14 Total Votes - 10 up - 4 down
            • trx450r1031 says:

              Well TS I guess considering that such a huge portion of the Bible was written by murderers that you would have a better understanding of grace but apparently you are missing how that factors into humanity. I’m sure you will cut and paste your theology to factor that out and I’m not going to argue that with respect to CCN and the fact that this isn’t the topic of this thread. Good luck loving people by judging them to Hell. Hope it works out for your sake.

              (0) 14 Total Votes - 7 up - 7 down
              • Ted Slanders says:

                trx450r1031,

                Your correct in that our bible was written by murderers, and the biggest killer of all was our Judeo-Christian God! I am sure you’ve read the Old Testament where He killed innocent babies, the unborn, male and female; yes?

                Don’t be a milque toast and state that you’re not going to argue your “grace scenario”. It is within the religious context of the story’s aftermath relative to the Weyrichs! If you were worried about CCN and being on topic, then you weren’t worried before with your previous posts! No excuses for you to opt out and run for cover. Jesus is watching you!

                For your future enlightenment, I am COMMANDED to judge others!

                Remember the Lord Jesus Christ commanded, “Judge righteous judgment” (John 7:24). He told a man, “Thou hast rightly judged” (Luke 7:43). Most importantly, Jesus told others, to wit:: “Why even of yourselves judge ye not what is right?” (Luke 12:57).

                You judge things everyday. As just one example, tell your implication of judging is wrong to a jury of your peers in a court room setting, get it? I am just the messenger to what our Judeo-Christian God as already judged in the bible.

                Always remember; “It is better to live alone in the desert than with a crabby, complaining wife.” (Proverbs 21:19)

                (6) 10 Total Votes - 8 up - 2 down
                • trx450r1031 says:

                  Slanders, what church are you affiliated with?

                  (2) 4 Total Votes - 3 up - 1 down
                • pasoparent5 says:

                  It’s a non-demoniational fellowship called the Church of Mockery.
                  He’s merely a troll & it’s best not to waste your time. Don’t bother to feed trolls.

                  (2) 12 Total Votes - 7 up - 5 down
  5. Numbersix says:

    Maybe when Debbie Arnold beats Patterson she can along with her friends like Tom O’Malley help Weyrich claw his way back. After all he was a big supporter of Debs boss Mike.
    Unless the UN tries to stop her!! Debbie is scared of the UN and Weyrich losses his biz bought by China. The local Birchers most be having a fit.

    (-6) 24 Total Votes - 9 up - 15 down
    • Numbersix says:

      “Must be having a fit” I expect they are downloading “None Dare Call It Conspiracy” on their China built ebook readers as I type.

      (1) 13 Total Votes - 7 up - 6 down
    • Citizen says:

      I didn’t know we had a John Birch Society in the North County. Are you a member?

      (2) 4 Total Votes - 3 up - 1 down
      • Numbersix says:

        Surely my post answered that. If it still not clear. NO.
        You don’t have to be a member to agree or to be influenced the need for Chapters is over and considering the groups past better for them. They have deep roots and influence where it matters. Best not have many Chapters hard to control the crazies. Groups like the Tea Party give that once removed distance needed for deniability.
        The JBS has done a stunning job to survive the ridicule of the 1960s the white supremacy and militia movements through the 1980s to rebuild along with the Patriots sponsor CPAC and almost hit a home run with the Tea Party. The overlap between the JBS and the Tea Party is so obvious it’s not even funny. Be it the links on their own site to JBS member websites or JBS propaganda such as “Agenda 21” its clear it’s obvious.
        As I say they have unfortunately had massive infuence over the last 50+ years and gone from being popular in the Red Scare days to laughed at and a fringe group to sponsoring a major Republican event and having a Presidential candidate Ron Paul speak and thank them on their 50th Birthday. Apart from a few rumberlings in the press they have become mainstream. Truely scary. My hats off to them, Amazing turn around.
        Poor William F must be spinning in has grave. Hope one day you can R.I.P. Bill.

        (5) 5 Total Votes - 5 up - 0 down
  6. justme says:

    What about all the profits now headed toward China not being spent here? This is why there is no revcovery as is being advertised.

    (12) 16 Total Votes - 14 up - 2 down
  7. SewerHeightsRez says:

    Yet another good christian buggering the flock.

    (10) 26 Total Votes - 18 up - 8 down
  8. bobfromsanluis says:

    I have to wonder if the conditions of the sale also included any possibility that those who lost their deposits would be paid back, either in whole or part; not a very realistic possibility, but why not throw it out there?

    (21) 23 Total Votes - 22 up - 1 down
  9. Pizmo says:

    What a trail of misery this POS left behind. David will go down in my mind as one of the most selfish and evil men I’ve had the displeasure of knowing.

    I’ll never forget the time he was sitting around drinking and loudly bragging about how he liked to piss people off by cutting down trees, regulations be damned. He would say that any fine he would have to pay would be more then offset by adding to the property value of the land purchased. When I asked him “What about the impact on the neighborhood and community, he laughed and said “F%#k em’!”

    Here’s hoping Karma exists…

    (44) 56 Total Votes - 50 up - 6 down
    • BeenThereDoneThat says:

      I can tell you that besides what you stated the thing I find GALLING is how he and his wife Mary run around at St. Rose Catholic church in Paso acting like the pillers of the community. This hypocritcal piece of you know what couple has committed more sins than I can think for someone acting holier than thou.

      (30) 46 Total Votes - 38 up - 8 down
      • fhill123 says:

        BTDT,

        Did you mean pillagers of the community? Just checking.

        (17) 25 Total Votes - 21 up - 4 down
      • SanSimeonSam says:

        “run around” hmm the last time i saw those 2 they paired out at about 600 lbs…doubt they could run anywhere

        (11) 21 Total Votes - 16 up - 5 down
        • BeenThereDoneThat says:

          I know. That was one of the sins I’m talking about. Gluttony is a sin.

          (14) 18 Total Votes - 16 up - 2 down
          • danika says:

            “Let he without sin cast the first stone”…

            Yeah, I know I sound a bit like TS.

            I remember when Weyrich owned the Country News and he refused to run an editorial from a gay citizen. I do believe that action was the push that tipped the first domino.

            He had sent one of his ad execs. from The Country News in to sign me up. I had no intention of advertising with the Devil. The rep told me that Weyrich is a back scratcher and, by my advertising in his paper, he would reciprocate and give me his business. Yeah, and I am the Queen of Sheba! I declined and kept my eye out on that one. Knew his “godfather” approach would bring him down. A solid reminder to those who live their lives controlling others…Karma is a B***H!

            (18) 26 Total Votes - 22 up - 4 down

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