Nuggets superfan accused of squandering biz profits on jet fleet

LAKEWOOD — Michael Quagliano, a Denver Nuggets fan known as “Red Pants Man” who often sits courtside at games, is accused in a recent lawsuit of squandering the profits of his Solera National Bank on a fleet of private airplanes.

The plaintiff, a local developer and shareholder in Solera, claims Quagliano, who is the founder and chairman of the single-branch bank, uses the planes to travel the country following the Nuggets, according to a Business Den report.

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