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Gov. Jim Justice owes a lot a money and is trying to sell off half his family business

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In June, turncoat Gov. Jim Justice of West Virginia was outed for being on the hook for almost a billion dollars in unpaid loans to Credit Suisse funds and Carter Bank & Trust (CB&T). This all came out after CB&T and Justice sued one another over a few hundred million dollars the bank said Justice and his wife had defaulted on, while Justice claimed that the bank was hamstringing his attempts to refinance the loan with a new institution.

In September, Gov. Justice and CB&T announced that the two would stop suing one another after coming to a deal that allows the Justice family a new way to “restructure” their outstanding loans. The Justices personally guaranteed these loans reportedly made to one of the many Justice family companies, which include their “coal-mining and agricultural interests throughout the South as well as the famed Greenbrier resort in West Virginia.” The governor’s son, Jay Justice, released a statement saying, “We are pleased to move past our disagreements with CB&T, and we look forward to a continued productive relationship with the bank moving forward.”

On top of these soon-to-be “restructured” loans, according to the Wall Street Journal, the Justices are also “on the hook” for what is now being reported as $850 million in loans. According to new reports, Justice is making an offer on settling all of that money—and it includes half of his family’s........

© Daily Kos

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