River Stone Manor co-owner accuses partner of mismanagement
A co-owner of the scenic River Stone Manor in Glenville has accused his business partner of fraud, negligence, breach of contract and much more in a 27-page summons filed Monday in state Supreme Court, Schenectady County.
Thomas Monteparo and Angelo “Skip” Sgarlata are cousins and co-owners of the popular wedding and catering venue, but there’s not much family love going around these days. Monteparo says Sgarlata has not only forced him out of the business, but has been taking company money and property for his own personal use since the business started in 2003. He accused him of mismanaging the business, taking more than his fair share of company profits to throw personal parties, pay personal bills, and give discounts to family, friends and acquaintances.
The list of accusations continues for more than 20 pages, and appears to stem from the cousins’ decision in 2000 to go into business together as equal, 50-50 partners.
Sgarlata denied any wrongdoing Thursday. When asked to comment on the long list of allegations, he said he had started to read through them a day earlier but the company had an event that got in the way of his finishing the list.
“This is a personal matter,” said Sgarlata. “It’s kind of like when a husband and wife break up. There are things that happen, and again, it’s a personal thing between me and him. For me to talk about my personal business with you is not something I feel I need to do.”
Monteparo did not return a call for comment Thursday. His attorney, Frank M. Putorti Jr., also did not return a call and email seeking comment.
Follow @GazetteBiz on Twitter.