Charles Banks Claims Lack of Jurisdiction Over Wire Fraud Charges

Charles Banks, founder of Terroir Capital, was indicted for wire fraud in September as a result of his business with former NBA player Tim Duncan [see WSD 09-12-2016]. While we were busy covering acquisitions, the Feds heaped on two additional counts of wire fraud last month, and Charles filed a motion to dismiss.BACKGROUND. Charles Banks is the founder, managing partner and majority interest holder in Terroir Capital, which manages about $200 million worth of assets in hospitality and wine. The