Current:Home > ScamsVirginia bank delays plans to auction land at resort owned by West Virginia governor’s family-DB Wealth Institute B2 Reviews & Ratings
Virginia bank delays plans to auction land at resort owned by West Virginia governor’s family
lotradecoin beginner trading guide View Date:2024-12-25 16:20:48
CHARLESTON, W.Va. (AP) — A Virginia bank says it will delay plans to auction off land at West Virginia Gov. Jim Justice’s posh resort in an attempt to recover more than $300 million on defaulted business loans by the governor’s family.
In a filing Friday in Greenbrier County Circuit Court, Carter Bank & Trust of Martinsville, Virginia, said it will reschedule the March 5 auction to a later date, the Charleston Gazette-Mail reported. The bank also asked that a hearing set for Tuesday be postponed on a request by the Greenbrier Sporting Club in White Sulphur Springs for a preliminary injunction against the bank.
Carter Bank published a legal notice in the Charleston Gazette-Mail on Feb. 6 announcing the March 5 auction in Lewisburg involving land at the Greenbrier Sporting Club. Carter Bank has said it would “aggressively” pursue $302 million it was owed in principal debt, plus interest and fees, from companies owned by the governor’s family.
In its Friday filing, Carter Bank said it “understands that homeowners within the Greenbrier Sporting Club development are also very interested in this matter and may be considering undertaking action of their own.”
The sporting club is a private equity club and residential community that opened in 2000. Justice bought the resort out of bankruptcy in 2009. He began serving the first of his two terms as governor in 2017.
The sporting club’s Feb. 7 circuit court complaint said the auction would jeopardize thousands of jobs and “severely damage” both the club and the Greenbrier Resort, which has hosted U.S. presidents and royalty and is the county’s largest employer. The complaint also sought a jury trial to address claims by the Justice family against Carter Bank.
On at least four occasions between 2021 and 2023, the Justice companies tried to steer their banking business from Carter Bank to other lenders, who were prepared to pay off all or part of their Carter Bank loans. But Carter Bank “blocked or sabotaged” the transfer efforts, the complaint said.
A federal lawsuit filed by the Justice companies against the bank in November is pending.
Justice, who owns dozens of companies, also has been the subject of numerous court claims that he has been late in paying millions of dollars he owes in fines, such as for unsafe working conditions at his coal mines.
Justice, a Republican, is running for the U.S. Senate seat currently held by Democrat Joe Manchin. Manchin has said he is not seeking reelection.
veryGood! (25)
Related
- Jim Harbaugh wants to hire Colin Kaepernick to Chargers' coaching staff. Will the QB bite?
- Maine man who fled to Mexico after hit-and-run killing sentenced to 48 years
- A year after Ohio train derailment, families may have nowhere safe to go
- NAACP seeks federal probe of Florida county’s jail system following deaths
- Biden to designate 1908 Springfield race riot site as national monument
- Harvard megadonor Ken Griffin pulls support from school, calls students 'whiny snowflakes'
- Beheading video posted on YouTube prompts response from social media platform
- Cigna sells Medicare business to Health Care Services Corp. for $3.7 billion
- Oklahoma city approves $7M settlement for man wrongfully imprisoned for decades
- Botched's Dr. Terry Dubrow Shares Health Update After Quitting Ozempic
Ranking
- The State Fair of Texas is banning firearms, drawing threats of legal action from Republican AG
- NAACP seeks federal probe of Florida county’s jail system following deaths
- Big Brother's Christie Murphy Gives Birth, Welcomes Twins With Wife Jamie Martin
- Maine man who fled to Mexico after hit-and-run killing sentenced to 48 years
- Bristol Palin Shares 15-Year-Old Son Tripp Has Moved Back to Alaska
- Two Native American boys died at a boarding school in the 1890s. Now, the tribe wants them home
- No quick relief: Why Fed rate cuts won't make borrowing easier anytime soon
- Move to strip gender rights from Iowa’s civil rights law rejected by legislators
Recommendation
-
What to stream: Post Malone goes country, Sydney Sweeney plays a nun and Madden 25 hits the field
-
Russia and Ukraine exchange hundreds of prisoners of war just a week after deadly plane crash
-
Break away from the USA? New Hampshire once again says nay
-
The Best Valentine's Day Gifts Based On Each Love Language
-
A fiery Texas politician launched a legal assault on Google and Meta. And he's winning.
-
Gisele Bündchen pays tribute to her late mother: You were an angel on earth
-
'Black joy is contagious': Happiness for Black Americans is abundant, but disparities persist
-
Colorado legal settlement would raise care and housing standards for trans women inmates