Posted on 12/03/2010 8:21:40 AM PST by wtd
Citibank sues Ground Zero mosque developer Sharif El-Gamal for $100G The developer of the so-called Ground Zero mosque owes nearly $100,000 in overdue credit, a new suit charges.
In a complaint filed in Manhattan court, Citibank charges Sharif El-Gamal and his real estate firm, Soho Properties, have balked at repaying $99,489 borrowed from a business credit account in the past year.
El-Gamal said the default was a standard way to negotiate better credit rates and that the matter would be resolved.
"In every industry at this time, major business leaders are working with their financial institutions to restructure their debt in order to take advantage of historically low interest rates," he said in a statement. "It is important to note that Soho Properties manages over $300 million worth of property."
El-Gamal has been hounded by other creditors. In October, Valley National Bank sued El-Gamal and Soho Properties for $95,778 plus interest after they defaulted on a loan in 2009, the suit charges.
In August, a Manhattan landlord sued El-Gamal and Soho Properties for $39,000 in back rent. The suit was later withdrawn, and the matter was resolved out of court."
Only in Obummer’s aMeriKa could this happen. NBC’s Man of the year........
“$100G”
One Hundred Giga-Dollars?
Islam is a vile, barbaric gutter religion for a vile, barbaric gutter people. Both need to be wiped off the face of the earth.
Sue him into the ground. Raise every zoning and legal issue possible.
Enabled by idiots who watch TV. Go Galt on TV and the media now or your kids and grandkids will be Muslim slaves. NBC= GE = biggest whore company in the world with VERY VERY close ties to Al Waleed. GE does LOTs of deals with the Saudis.
This guy never had any money and won’t be able to raise the money for the place. Even from the Saudi’s. He is a fake and a fraud and toxic. This has been a Jesse Jackson/Al Sharpton type shakedown from day one.
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