Old land deal quietly haunts Mick Mulvaney as he serves as Trump's chief of staff
Source: Washington Post
Old land deal quietly haunts Mick Mulvaney as he serves as Trumps chief of staff
By Michael Kranish January 14 at 7:39 PM
INDIAN LAND, S.C. Mick Mulvaney was a young businessman and budding politician 11 years ago when he became co-owner of a company that wanted to build a strip mall near a busy intersection in this upscale bedroom community outside Charlotte, N.C.
All that was needed was money.
The company cobbled together the financing which included borrowing $1.4 million from a family firm owned by a prominent local businessman named Charles Fonville Sr., according to court records and interviews.
Eventually, the project fell apart. The mall never got built. And Mulvaney moved on, building a political career as a firebrand fiscal hawk and tea party pioneer in Congress who railed against out-of-control government deficits eventually rising a few weeks ago to be President Trumps acting chief of staff.
Fonville, however, said his company has not received the $2.5 million with interest that he said it is owed. In explaining the debt to a Senate committee during his 2017 confirmation hearing, Mulvaney cast it as a casualty of a bad real estate deal, saying the sum will go unpaid.
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Read more: https://www.washingtonpost.com/politics/old-land-deal-quietly-haunts-mick-mulvaney-as-he-serves-as-trumps-chief-of-staff/2019/01/14/e1d3cd72-07b8-11e9-a3f0-71c95106d96a_story.html
dhol82
(9,353 posts)Grifters of a feather commit fraud together.