At Austin gun ranges, Formula 1 tourists flock to ‘Do the Texas Thing’<\/a><\/p>\nIn his lawsuit, Shaw says his business partner\u2019s scheme was executed through fraud, bribery and violations of the corporate charter to push the company into foreclosure, where\u00a0Sansone\u00a0could buy the assets at a fraction of their value.\u00a0<\/p>\n
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Bosco denies that, saying Shaw \u201comits and mischaracterizes\u201d the \u201conerous\u201d terms of the loan he rejected and the part Shaw himself played in decisions he now criticizes. He says the lawsuit is an attempt to smear him. And Sansone says he owns the loan that\u2019s now several months past due\u00a0\u2014\u00a0 the loan Shaw was trying to refinance\u00a0\u2014 and wants to foreclose.\u00a0<\/p>\n
Their attorneys went to court Thursday to argue over motions, one by Shaw\u00a0to appoint an independent receiver and one by Bosco asking for the dispute to be sent to arbitration. Shaw wants a receiver\u00a0\u2014 an independent third party\u00a0\u2014 to help decide the future of the business but rejects arbitration.\u00a0Bosco agreed in theory to a receiver limited to helping sell off the business.<\/p>\n
Because attorneys said the parties were close to out-of-court settlements on several of the issues the court was talking about, Business Court Judge Melissa Andrews declined to rule. If not resolved earlier, she could take up the motions at an April 2 hearing.<\/p>\n
The property had been scheduled for a foreclosure sale in early March until a restraining order was issued. Now, a foreclosure is expected no sooner than May. Through his company Range Collection LLC, Sansone sued Shaw over $5.2 million he\u2019s owed, plus attorneys fees, after the March foreclosure was halted.<\/p>\n
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In a previous interview,\u00a0Sansone said he was simply executing his rights as owner of the debt. He denied Shaw\u2019s allegations of a scheme, saying the disputed financing deal in dispute was \u201cunattractive.\u201d In a court filing, he called it a \u201cshark loan.\u201d<\/p>\n
Refinancing attempt<\/p>\n
In 2025, court documents show, Shaw was attempting to refinance loans held by the company\u2019s original lender\u00a0Hillcrest Bank and TASAN LP. TASAN is owned by Sansone.\u00a0
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The deal Bosco allegedly killed would have given The Range $10 million at 9.5% over 30 years, court documents show. The terms of the loan included a 2% relative increase each year. By the end of its life, the business would have been paying close to 17% in interest.\u00a0<\/p>\n
Emails in the court record show that Bosco was unwilling to continue to guarantee money to obtain loans, especially if it meant Shaw was given more power in the operation. Shaw was unwilling to guarantee the loan if the two-person management team\u00a0didn\u2019t change.<\/p>\n
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The Range had begun as a collaboration between Bosco, Shaw and Jon Armstrong, an investor. Armstrong resigned as a manager years ago. The subsequent arrangement, Shaw says, left the company deadlocked between the two remaining members and adrift on major decisions.<\/p>\n
Bosco\u2019s attorneys argue Shaw was exaggerating the situation.<\/p>\n
The two men also have interests in\u00a0SB Tactical\u00a0\u2014 the manufacturer and seller of gun accessories. Bosco\u2019s attorneys suggested in emails the parties amend SB Tactical\u2019s incorporation so both men can manage the two companies with \u201cmajor decision voting rights.\u201d\u00a0<\/p>\n
Shaw responsed that was a breach of Bosco\u2019s fiduciary duty.<\/p>\n
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The debt<\/p>\n
The debt issues began when Bosco and Shaw signed a $7.9 million loan agreement to build The Range in 2015. They and Armstrong enlisted 30 other investors and Sansone\u2019s TASAN LP loaned the company $2.5 million.\u00a0Sansone said in a previous interview he also kicked in funds during periods of shortfall.<\/p>\n
Sansone was not the only one giving the company money, with Shaw saying in court documents that over the years he\u00a0had loaned $5 million and Bosco saying he had given it $2 million.<\/p>\n
Sansone formed Range Collections LLC in Florida, where he lives, while the company was trying to refinance and acquired The Range\u2019s debt when the refinancing failed.\u00a0<\/p>\n
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Shaw alleges\u00a0Bosco fraudulently executed documents giving TASAN\u2019s loan a lien on the property years after the loan. Shaw doesn\u2019t dispute that TASANs loan terms include the lien, only that it wasn\u2019t included at the time the loan was made. He points to Bosco\u2019s actions at a critical moment in the saga\u00a0\u2014 January of this year\u00a0\u2014 as proof of the scheme. The lien allows for the foreclosure proceedings.\u00a0<\/p>\n
Sansone, though, says the lien was executed years ago and the documents were recreated in 2026 due to loss of the initial paperwork.<\/p>\n
The Range also has been sued by its architect for unpaid bills and by a former investor who said the company made material misstatements. Former investor Michael Qualizza was awarded more than $3 million from his lawsuit.<\/p>\n
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