CHARLESTON: "In a new court filing, West Virginia Gov. Jim Justice blamed a bankrupt U.K. bank for fraudulently inducing him into personally guaranteeing $700 million in loans that were taken out by his companies. In the amended complaint filed Friday, Justice’s family and coal companies claim that Greensill Capital U.K. “perpetrated a continuous and highly profitable fraud.”
Justice told reporters Tuesday that the loans are “a burden on our family beyond belief.”
In addition to the $700 million owed to Greensill, Justice revealed in a separate lawsuit that he is personally on the hook for $368 million to Virginia-based Carter Bank & Trust. And Justice’s businesses face several other woes, including penalties totaling $3.2 million from the federal government and lawsuits over claims his companies failed to deliver coal."
https://www.weirtondailytimes.com/news/local-news/2021/06/justice-bank-deceived-family-for-loan-guarantee/