Fargo Promoter Gets Millions Then Files Bankruptcy

A Fargo-based concert promoter, Jade Presents, shut down after 30+ years — but not before snagging nearly $5 million in federal pandemic aid. Despite receiving fully forgiven PPP loans and a Shuttered Venue Grant, the company filed for Chapter 11 bankruptcy just a few years later, listing $3 million in debts and barely $400K in assets — including empty bank accounts. The U.S. Small Business Administration, which gave them the grants, is now a creditor chasing $150K. With rising costs, shifting tour economics, and pandemic fallout, Jade Presents’ collapse leaves thousands of ticket holders as creditors — and raises big questions about how pandemic aid was spent. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e378fbd835bdcfc3