- Carter Bank & Trust of Martinsville, Virginia, announced plans to postpone a land auction for a resort owned by Republican West Virginia Gov. Jim Justice.
- The currently postponed auction is a bid to recover more than $300 million in defaulted business loans from the Justice family.
- Righteous Justice is currently seeking the U.S. Senate seat vacated by retiring Democrat Joe Manchin.
A Virginia bank plans to auction land at a luxury resort owned by West Virginia Gov. Jim Justice to recover more than $300 million in business loans defaulted by the West Virginia governor’s family. announced that it would be postponed.
Carter Bank & Trust of Martinsville, Virginia, rescheduled its March 5 auction to a later date in a Friday filing in Greenbrier County Circuit Court, the Charleston Gazette-Mail reported. Then he announced. The bank also asked to postpone a hearing scheduled for Tuesday in response to a request for a preliminary injunction against the bank from Greenbrier Sports Club in White Sulfur Springs.
Carter Bank published a legal notice in the Charleston Gazette-Mail on February 6th announcing that an auction will be held on March 5th in Lewisburg, which includes the Greenbrier Sports Club property. Carter Bank announced it would “aggressively” pursue $302 million in principal debt, plus interest and fees, from companies owned by the governor’s family.
West Virginia government judiciary seeks to block land auction to recover bank loan
“Homeowners in the Greenbrier Sports Club development are also very concerned about this issue and may be considering taking their own action,” Carter Bank said in Friday’s filing. I understand that,” he said.
West Virginia Governor Jim Justice during the State of the Union address on January 10, 2024 in Charleston, West Virginia. (AP Photo/Chris Jackson, File)
This sports club is a private equity club and residential community that opened in 2000. Mr. Justice purchased this resort out of bankruptcy in his 2009. He began serving the first of his two terms as governor in 2017.
The sports club’s Feb. 7 circuit court complaint said the auction would jeopardize thousands of jobs and cost both the club and the Greenbrier Resort, which has hosted U.S. presidents and royalty and is the county’s largest employer. He said it would cause “significant damage.” The complaint also sought a jury trial to address the Judge family’s claims against Carter Bank.
At least four times between 2021 and 2023, Justice attempted to steer its banking operations from Carter Bank to other lenders willing to repay all or part of the loans to Carter Bank. But Carter Bank “hindered or impeded” the money transfer efforts, the complaint says.
A federal lawsuit filed by Justice Companies against the bank in November is currently pending.
Mr. Justice, who owns dozens of companies, is also the subject of numerous court actions alleging delays in paying millions of dollars in fines due to unsafe working conditions at the mines and other causes. It has become.
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Justice, a Republican, is running for the U.S. Senate seat currently held by Democrat Joe Manchin. Manchin has said he is not seeking re-election.
