{"id":3252,"date":"2024-10-20T20:52:00","date_gmt":"2024-10-21T00:52:00","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3252"},"modified":"2024-10-20T20:52:00","modified_gmt":"2024-10-21T00:52:00","slug":"former-bang-ceo-jack-owoc-shows-the-world-what-an-ai-designed-energy-drink-brand-should-look-like","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3252","title":{"rendered":"Former Bang CEO Jack Owoc Shows The World What An AI-Designed Energy Drink Brand Should Look Like"},"content":{"rendered":"


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You can\u2019t keep a good Florida Man down\u2014ask Jack Owoc, the founder of the energy drink brand Bang.<\/p>\n

Owoc was ousted as CEO of Bang and its parent company, VPX, after losing a false advertising\u00a0lawsuit<\/a>\u00a0from energy drink rival Monster. After the $293 million verdict, Bang filed for bankruptcy, Owoc was sacked, and Monster would later acquire the company in July 2023.<\/p>\n

Earlier this year, the liquidating trust for VPX and Bang\u00a0sued<\/a>\u00a0Jack Owoc, his wife Megan, and son Jon, alleging Owoc benefited from the fraudulent transfer of over $100 million. The filing states that Owoc would ask VPX\u2019s finance director to transfer funds to him as he pleased instead of having a scheduled distribution of set amounts. The lawsuit further alleges that those funds were used for personal expenses, including Owoc\u2019s individual income tax, several real estate investments, a $1.6 million gym and home theater renovation on Owoc\u2019s personal home, and over $9 million to buy and maintain a small island off the Florida Keys.<\/p>\n<\/div>\n


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You can\u2019t keep a good Florida Man down\u2014ask Jack Owoc, the founder of the energy drink brand Bang. Owoc was ousted as CEO of Bang and its parent company, VPX, after losing a false advertising\u00a0lawsuit\u00a0from energy drink rival Monster. After the $293 million verdict, Bang filed for bankruptcy, Owoc was sacked, and Monster would later […]<\/p>\n","protected":false},"author":5,"featured_media":3253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[881,1511,1512,1513],"class_list":["post-3252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-ai","tag-ai-energy","tag-bang","tag-jack-owoc"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/3252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3252"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/3252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/3253"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}