Senate candidate owes investors more than $450,000
Posted March 13, 2014
Raleigh, N.C. — Republican U.S. Senate candidate Greg Brannon will have to pay $454,631.12 to a pair of investors if a Wake County Superior Court jury verdict is upheld.
A Wake County jury found Brannon liable for misleading two men who invested in a technology start-up company called Neogence. Brannon was on Neogence's board of directors and helped persuade the two men to invest.
In a judgment sheet and formal award of costs and findings filed Thursday, Superior Court Judge Bryan Collins ruled that Brannon must repay the $250,000 originally invested, along with interest and attorneys fees.
Brannon has denied any wrongdoing and said he will appeal the decision.