WV Governor in Financial Trouble

[Crossbow]

Jim Justice, the Governor of West Virginia, the richest man in the state as well as the most prominent Trump ass-kissers in the state, is personally now on the hook for millions of dollars of fines and back payments that have been levied against some of his companies.

Just to give a bit of background …

Jim Justice became the Governor of West Virginia in the 2016 election. When he ran for Governor, he did so under the Democrat ticket and there was great deal of discussion about his various financial dealings.

A few months after he got into office, he made kissy-face with Donald Trump and promptly switched parties to the Republicans.

And now, this bit of news.

http://wvmetronews.com/2019/06/06/a...e-ordered-to-seize-justice-personal-property/

After Court Outcomes, Sheriffs are Ordered to Seize Justice Personal Property

LEWISBURG, W.Va. — A financial services company coming after Gov. Jim Justice personally for $2.79 million is asking the Greenbrier County sheriff to seize personal property and for Justice assets in a dozen banks to be checked.

Meanwhile, a legal ad says the sheriff of Logan County has been authorized to sell shares of two Justice-owned companies to settle yet another debt in the court system.

…

On May 28, the sheriff of Greenbrier County received a writ of execution: “we command you that the goods and chattels of the defendant, James C. Justice II, in your bailiwick, you cause to be made the total sum of $2,790,156.81, plus continuing per (diem or annum) interest rate of 3.5 percent.”

…

So in other words, Governor Justice is finally starting to get treated in the same way that President Trump should be treated.

 

[Travis]

Nice....let's see how this goes.

 

[Norman Alexander]

Donny will bail out his arse-kisser, no problem.





LOL, just kidding!

 

[Trebuchet]

How can the richest man in the state, even one of the poorest states, not come up with $2.7 million?

 

[The Don]

How can the richest man in the state, even one of the poorest states, not come up with $2.7 million?

Is it the difference between not being able to, and not wanting to ?

It seems quite usual for very rich people who have a financial judgement made against them to withhold payment until the very last minute in the hope that the other party will go out of business or go bankrupt (and hence make the payment unnecessary), settle for the actual payment of a much smaller amount or that there may be a later court judgement which overturns the original one.

Alternatively, it could be that the person is asset rich but cash poor and that while they might be very wealthy, they have little cash on hand. They are reluctant to sell assets to raise the money and it comes down to the courts to determine which assets to sell.

 

[ponderingturtle]

How can the richest man in the state, even one of the poorest states, not come up with $2.7 million?

By delaying and costing those who you own the money more legal costs you can often get them to settle for less than is owed. That is seen in how Trump treats his contractors. They can take the moral victory and lose their business and declare bankruptcy and still demand full payment or accept less. You don't become a billionaire by paying out more than you absolutely have to after all.

 

[Crossbow]

Update –

http://wvmetronews.com/2019/06/10/senate-finance-chairman-blair-says-governor-justice-should-resign/

Senate Finance Chairman Blair says Governor Justice should resign

CHARLESTON, W.Va. — Senate Finance Chairman Craig Blair says Gov. Jim Justice should resign.

“I’m tired of covering for this man,” said Blair, R-Berkeley.

Blair and Justice are in the same party since Justice changed his registration to Republican two summers ago at a rally in Huntington for President Donald Trump.

…

Justice, who is also a basketball coach at Greenbrier East High School, had spoken with the greatest detail about an aspect of the bill that would cancel extracurricular activities in the event of a strike.

“I finally realized he was more concerned about coaching basketball than he is taking care of the state of West Virginia,” Blair said.

…

Blair, who has sometimes been critical of the Governor’s Office on single issues, fired a broad shot in print over the weekend. His own re-election committee sponsored an essay in local publications headlined “Justice is neither a Democrat or a Republican — He’s a Narcissistic Opportunist.”

In that, Blair stated, “For months, everyone has been talking about it, but now I am clearly and loudly saying it: Jim Justice is an embarrassment to our state and should resign and try to attend to his family business obligations.”.

…

When the Senate resumes the special session again, Blair said he would push for a resolution of no confidence.

…

 

[Trebuchet]

How can the richest man in the state, even one of the poorest states, not come up with $2.7 million?

Is it the difference between not being able to, and not wanting to ?

It seems quite usual for very rich people who have a financial judgement made against them to withhold payment until the very last minute in the hope that the other party will go out of business or go bankrupt (and hence make the payment unnecessary), settle for the actual payment of a much smaller amount or that there may be a later court judgement which overturns the original one.

Alternatively, it could be that the person is asset rich but cash poor and that while they might be very wealthy, they have little cash on hand. They are reluctant to sell assets to raise the money and it comes down to the courts to determine which assets to sell.

By delaying and costing those who you own the money more legal costs you can often get them to settle for less than is owed. That is seen in how Trump treats his contractors. They can take the moral victory and lose their business and declare bankruptcy and still demand full payment or accept less. You don't become a billionaire by paying out more than you absolutely have to after all.

Yeah, that was pretty much my point. The comparison to Trump is quite excellent.

 

[Crossbow]

Another update about the Governor of West Virginia:

http://wvmetronews.com/2019/06/11/justice-companies-shoot-past-deadline-on-property-taxes/

Justice companies shoot past deadline on property taxes

CHARLESTON, W.Va. — Businesses owned by Gov. Jim Justice and his family have been way overdue on hundreds of thousands of dollars in property taxes.

Greenbrier Hotel Corp. paid up its property taxes onp Monday. The resort had $1.5 million overdue for the first half and second half of the year.

Greenbrier Golf & Tennis paid its full-year tax bills on Monday. It had $245,104 due.

Greenbrier Medical and Greenbrier Medical Institute owed $135,853.91. They also paid Monday.

Full payments had been due April 1. The status of each tax obligation was available through Greenbrier County’s online tax portal.

...

On Monday, Justice’s coal companies made headlines in Kentucky for the payment of $1.2 million in overdue property taxes. The companies pledged to pay an equivalent amount over the next six months.

...

“At the end of the day I would say to you one thing, don’t worry about my stuff,” Justice said. “Don’t worry about my businesses. Don’t worry about a thing in the world except this state. That’s what you should be focused on is this state. Because things are going to be fine in my business world.”