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Denver Ventures says ‘far-fetched’ lawsuit ‘nothing more than a smear campaign’

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Denver Ventures says ‘far-fetched’ lawsuit ‘nothing more than a smear campaign’


David Prichard at Denver Ventures’ annual meeting in May 2025. (Courtesy Denver Ventures/Kalen Jesse)

Denver Ventures, the investing firm previously known as Denver Angels, is asking a judge to reject a lawsuit by Angels co-founder Paul Foley, calling it “far-fetched,” “untethered to the facts or the law,” and “an imaginary and elaborate conspiracy theory” designed to harm it.

“Despite its salacious accusations and egregious claims,” it says, “(Foley)’s complaint amounts to nothing more than a disgruntled minority member who is unwilling to accept his lone objection was insufficient to unwind a business deal he originally approved but now regrets.”

Foley, a Boulder-area startup founder and investor, was one of the four managers of Denver Angels between 2019 and 2022 and is still a 20% owner of that firm alongside fellow co-founders Kenneth Monfort of Monfort Cos., David Prichard and Zachary May.

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In a March lawsuit, he accused his business partners of conspiring with Jackson Killion, in-house lawyer for Denver Angels, “to siphon all of the value and success of Denver Angels for their personal benefit” by moving its assets to Denver Ventures, which he does not co-own.

In a series of motions to dismiss last week, the nine defendants in the case all asked Denver District Judge Sarah Wallace to end that high-dollar lawsuit in its entirety.

“Contrary to (Foley)’s allegations, the license agreement did not siphon all value from Denver Angels or otherwise convey Denver Angels’ assets to Denver Ventures. Nor did the license agreement somehow divert funds from Denver Angels,” their motions claimed.

“The license agreement merely permitted Denver Ventures to use Denver Angels’ brand and assets to promote its new investment fund in exchange for monetary compensation.”

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Paul Foley

Paul Foley  (LinkedIn)

The company took on the Denver Ventures branding around this time last year.

“Despite agreeing that a new investment fund was in Denver Angels’ best interests and being involved in that process, Foley at some later point became displeased,” Denver Ventures says.

Foley’s lawsuit, which seeks eight figures in damages, accuses the many defendants of theft, securities fraud, racketeering and more. Foley claims that the once-thriving Denver Angels is about worthless, meaning his 20% stake in the firm is, too.

“The record here is extensive, and I’m confident the documents and agreements support my claims,” Foley said in a statement to BusinessDen on Friday. “Not only did I not approve the fund and structure, but they also removed me as manager because I wouldn’t approve.

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“The motions to dismiss were an anticipated litigation tactic meant to delay and distract, and I look forward to moving on to demonstrate the merits of the complaint in court.”

The individual defendants — Monfort, Prichard and May — say they cannot be sued because their entities, not themselves as individuals, own Angels and made the decisions that Foley disapproves of. Denver Ventures similarly argues that it cannot be sued because it only signed a licensing agreement with Denver Angels and there is nothing improper about that.

Foley “lumps (all) defendants … into a wild conspiracy theory alleging all defendants have attempted to steal Denver Angels’ assets and profits,” last week’s motions complain.

Denver Ventures and its owners are represented by four lawyers from Garnett Powell Maximon Barlow & Farbes in Denver: The father-son duo of Stan and Andrew Garnett, plus Nicholas Eaton and Kate Leisner. Denver Ventures’ lawyer, Killion, and his firm Caddis Consulting are represented by Derek Anderson at Winget Spadafora and Schwartzberg in Boulder.

“We look forward to the complete facts coming to light and are confident they will show that (Foley’s) claims are unfounded,” Andrew Garnett said on behalf of his clients Friday.

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“We feel strongly about these motions (to dismiss) and even stronger that at the conclusion of this full legal process, defendants will be fully vindicated, and it will be shown that the defendants acted appropriately, in good faith, and consistent with their obligations,” he added.

Foley’s lawyers are Lauren Thompson and Elliot Fladen of Foster Graham Milstein & Calisher.



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Denver, CO

Police investigating 4 separate overnight shootings in Denver

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Police investigating 4 separate overnight shootings in Denver


DENVER (KDVR) — Police are investigating four separate shootings that occurred overnight in Denver, according to multiple posts on X from the Denver Police Department.

The first shooting took place on Saturday night, around 10:48 p.m. The incident occurred in the 4700 block of Airport Way. Police located one victim, who was taken to the hospital with unknown injuries. In an update on Sunday, police announced they arrested 36-year-old Davon Morgan on an investigation of first-degree assault.

Around 4:50 a.m. on Sunday, Denver police responded to reports of a shooting incident in the 300 block of Santa Fe Drive. Two victims self-transported to a nearby hospital. Police are working to develop suspect information.

Police responded to a shooting around 5:02 a.m. in the area of East Colfax Avenue and North Dahlia Street. One victim was located by police and later pronounced dead in an update to the post. The case is being investigated as a homicide, and police have not determined a suspect.

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A fourth shooting occurred at 9:11 a.m. on Sunday in the 1300 block of North Speer Boulevard. One victim self-transported to the hospital, and police are still searching for a suspect.



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Christ in the Heart of the City: Hundreds Join Corpus Christi Eucharistic Procession in Downtown Denver

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Christ in the Heart of the City: Hundreds Join Corpus Christi Eucharistic Procession in Downtown Denver


Catholics from across Northern Colorado gathered to honor Jesus in the Eucharist with prayer, song and public witness through the streets of Denver.

Father Paul Nguyen, O.M.V., pastor of Holy Ghost Parish in Denver, processes in front of the Capitol with the monstrance during the Corpus Christi Eucharistic procession in Downtown Denver. (Photo by André Escaleira, Jr./Denver Catholic)

Sirens, honking and… hymns? It might not be a typical trifecta for a Saturday evening in Downtown Denver, but on the vigil of Corpus Christi, the Solemnity of the Most Holy Body and Blood of Jesus, the heart of the city saw a change of pace.

A Eucharistic procession, led by Denver Archbishop James Golka and Auxiliary Bishop Jorge Rodríguez, brought hundreds to the city’s economic, legal and legislative center, many coming from multiple hours away. Organized by the Archdiocese of Denver, the prayerful procession made its way from Holy Ghost Parish in Denver to Lincoln Veterans Memorial Park, at the base of the Colorado State Capitol. As the hundreds of faithful in attendance wound through the streets of Denver, they joined in prayer, song and devoted witness to their love for Jesus, truly present in the Eucharist.

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“I was really excited to come to this moment,” said Marina, a parishioner at Sacred Heart of Jesus Parish in Boulder. “My heart brought me here. I came to encounter the Lord, the King of life. And I encountered him here.”

“For us, this was something really special,” shared Pedro Gonzalez, a parishioner of St. Helena Parish in Fort Morgan. “When we started processing along the route, we ended up walking in front of Jesus in the Eucharist. I said to my wife, ‘Look! We get to walk right beside Jesus.’ It brought tears to my eyes because it was something very nice, a really beautiful experience for us.”

In a modern Pentecost dynamic, the procession brought together faithful from all cultures, nationalities, languages, ages and locales in a moving, beautiful testament to the catholicity (universality) of the Catholic Church (see Acts 2).

“I feel really happy,” said Veronica Gonzalez of St. Helena Parish. “We’re all one Church. We’re one, united. And Jesus, present in the Eucharist, unites us.”

“It’s a deeper expression of the Body of Christ,” explained Father Jonathon Hank, O.M.V., parochial vicar at Holy Ghost Parish in Denver. “We’re celebrating the Body of Christ in the Eucharist, but also the Body of Christ as a community.”

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“You can see that there are lots of people who share the faith, and we all follow Jesus. That’s really beautiful,” added Yolanda Soto, whose daughter walked and prayed alongside her.

(Photos by André Escaleira, Jr./Denver Catholic)

Through the procession, the faithful had the opportunity to praise God publicly for all the many blessings he has bestowed, most especially for the Eucharist, the enduring and real presence of Jesus Christ among us. On the eve of the feast on which that presence is celebrated, the opportunity for prayer and witness was all the more powerful for attendees.

“Our love for Jesus brought us here today, to follow God, who is number one and who leads us to follow him in all of our needs,” said Maria Colin, a parishioner of St. Anthony of Padua Parish in Denver. “He is the only one who gives us strength to keep following him. How can we not praise him? How can we not bless him for all he’s given us?”

“It really was inspiring to continue to let me know that our faith is still strong. And looking at the crowd and the people that we have here, it’s a beautiful thing that we just keep on moving forward with our faith,” shared Heidi Casteel Ellis, a parishioner at Cure d’Ars Parish in Denver and a member of the Ladies of St. Peter Claver. “If more Catholics would come out and experience this, they would find it very refreshing.”

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In short, as seven-year-old Carla Ruiz of St. Joseph Parish in Denver put it, “I’m happy! I felt something special in my heart.”

As the nation prepares to celebrate 250 years and Colorado 150, Saturday’s public witness of faith offered attendees the chance to be a “city on a hill,” showing God’s light and love to the surrounding culture.

“We live in such a dark world, and we’re a light to the world,” said Caleb Gallardo. “So it’s a great way to just show off my faith. It was a great display of our Christian faith.”

“This was all so beautiful, to see so many people coming to follow our Lord. Blessed be God who is helping us to come back to the faith, because there are so many who are lost, right? So I’m really happy to have been able to be here with Jesus in the Eucharist,” added Margarita Gutierrez, a parishioner of St. Anthony of Padua Parish in Denver.

No matter the witness effect of such a grand procession, though, attendees couldn’t help but feel a profound sense of encouragement and gratitude for being able to come together with Jesus in the Eucharist and each other.

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“Getting to pilgrimage with Our Lord through Downtown Denver is pretty darn special!” said Alicia Toenjes. “I’m just so grateful. I’m very grateful that we could have a gathering of Catholics and have Our Lord and families together. It’s just such a blessing.”

“This is real joy. This is the feast, the feast of the Lord,” added Marina.

“I like praying before the Blessed Sacrament, being in the presence of the Lord. So to be able to bring him to the streets is really beautiful — and to witness to our faith to those others who are here, too,” said Diana, a parishioner of Queen of Peace Parish in Aurora.

When it comes down to it, said Father Ben Unachukwu, O.M.V., parochial vicar at Holy Ghost Parish in Denver, Saturday’s procession and other acts of faith like it come down to one thing: a eucharistic spirit of gratitude (the word “Eucharist” does mean thanksgiving, after all!).

“It’s so wonderful. It’s so special. The Lord gave us his best, so we have to give him our best. This is the smallest gift we can give to say, ‘Thank you, Lord, for all that you’ve done for us,” he concluded.

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Denver, CO

Denver weather: More hot weather Sunday

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Denver weather: More hot weather Sunday


​​​​​​DENVER (KDVR) — After officially hitting 90 degrees for the first time this season, the Denver weather forecast features more hot weather Sunday and next week before temperatures begin to moderate.

Dry and breezy conditions will create fire danger concerns for parts of the northeastern plains.

Denver weather tonight: Another mild night

Mild weather overnight Saturday.

Skies will gradually clear overnight Saturday, but it’s still going to be mild with low temperatures falling into the middle and upper 50s around metro Denver. Some locations elsewhere may only cool to about 60 degrees.

Denver weather tomorrow: Temperatures in the 90s again

Mid-summer heat Sunday.

Sunday will be another hot day with widespread temperatures again in the 90s. Denver’s record high is 98 degrees, but we’ll stay well short of that. We’ll begin the day sunny, but clouds will steadily increase in the afternoon.

Mostly dry conditions are forecast but a stray pop-up storm may develop. Winds will turn to the northwest with gusts up to 20 miles per hour.

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Looking ahead: Hot, breezy, and mostly dry

We start next week with partly sunny conditions and temperatures “cooling” to the upper 80s in the afternoon, still above normal. Gusty winds will persist from the east-southeast. There will be a slightly better chance for isolated storm development in the afternoon.

Hot weather continues through Wednesday.

We’ll jump back to the 90s on Tuesday with wind gusts up to 35 miles per hour or higher possible.

Temperatures start to moderate Wednesday onward, starting with low 90s on Wednesday, then middle 80s Thursday into the weekend, closer to normal.

Overall, the forecast for most of next week looks predominantly dry, but rain chances do return for next weekend.



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