Cachengo, Incorporated is suing its former CEO, Ash Young and members of his family for allegedly siphoning millions of dollars from the company.
This is Part Four of a multi-part series examining the lawsuit, the parties involved, and the allegations at its center.
While Part Three focused on alleged personal spending during periods of missed payroll, this installment examines the events leading up to the Young family’s removal from leadership, what Cachengo alleges occurred in the days that followed, and early signs that the defendants are starting a new company called ‘Qavats‘.
“Hostile Takeover”
Monday morning, November 10, 2025, multiple Carroll County Deputy units filled the driveway of former Cachengo CEO Ash Young’s residence.
According to scanner traffic at the time, Young contacted dispatch claiming that a group of armed individuals had surrounded his home. He told dispatchers that the individuals disabled his home’s alarm panel and changed access codes.
Great job on the continuous reporting, Jesse!!
Excellent article Jesse!
There must be more to the story. The board is claiming he embezzled money from the company. Even if you are the founder of the company you can’t co-mingle funds, especially if there’s investors. If it’s cut and dried theft by embezzlement, where are the charges? Is he being investigated by state or local authorities? This is the FBI wheelhouse. They prosecute this stuff every day.
Thank you for keeping us informed!