#debt-and-liens

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fromwww.mediaite.com
15 hours ago

Republican Senator Agrees To Pay $5.1 Million in Back Taxes After DOJ Sues

In 2009, the senator sold Bluestone Coal Corporation his family business to a Russian company called Mechel for approximately $436 million in cash. Six years later, Mechel sold it back to Justice for 99% less than what he had sold it for. Despite this incredible turn of events, a Forbes report published in January said Justice's net worth is less than zero because his finances are severely troubled thanks to mountains of debt.
US politics
US politics
fromFortune
1 month ago

Former billionaire turned governor turned senator tries to explain web of coal companies and net worth of 'less than zero' | Fortune

Jim Justice faces mounting creditor claims, large tax liens, and foreclosure actions as his previously reported wealth has sharply declined and liabilities exceed assets.
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