Atlanta Unfiltered is reporting a federal judge has entered a $640,000 default judgment against the former lawmaker and his business partners in relation to a loan they received to operate a mobile home park.
Atlanta Unfiltered is reporting a federal judge has entered a $640,000 default judgment against the former lawmaker and his business partners in relation to a loan they received to operate a mobile home park.
A former Cherokee County state representative is facing more legal troubles. Sean Jerguson, the former Georgia legislator from Holly Springs, last week was hit with a contempt order by a federal judge against him and his business partners in their investment of the Maplewood Mobile Home Park, according to Atlanta Unfiltered. The judge in his order (which is attached) noted Jerguson, J. Cary and Kimberly H. Bullard of Gainesville, owners of Sapphire Pointe LLC, disregarded an order for them to present information requested by Arkansas-based Bank of the Ozarks, which is suing Jerguson and Sapphire Pointe for defaulting on a loan they received to operate mobile home park. The judge also entered a default judgment of $640,000 against …
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Senate District 21 candidate Sean Jerguson is a party to a case in which he and several others have allegedly defaulted on a loan totaling more than $600,000.
Georgia Senate District 21 candidate Sean Jerguson and his business partners are on the hook to repay a bank loan totaling over $600,000. That's according to court documents filed in the U.S. District Court Northern District of Georgia. According to a lawsuit filed in September by Arkansas-based Bank of the Ozarks, J. Cary and Kimberly H. Bullard of Gainesville, owners of Sapphire Pointe LLC, Jerguson and his wife Kate have allegedly defaulted on a $611,670.95 loan and $28,956.52 in unpaid interests they received in 2004 to operate the Maplewood Mobile Home Park in Cedartown. The Arkansas-based bank took over the loan when the original bank failed. The defendants, according to court documents, have all filed responses in the case denying…
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Fred Farkel
3:31 pm on Tuesday, May 14, 2013
What a loser. These politicians are the biggest incompetent criminals in the state. more ›