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    Bank: Candidate Tom Graves trying to evade $2.25M debt

     

    A North Georgia bank is accusing congressional candidate Tom Graves of attempted fraud for trying to evade a $2.25 million debt.

    The complaint, filed in court May 17 by Bartow County Bank, names Graves, a former state legislator from Gordon County; his business partner, Senate Majority Leader Chip Rogers; and their companies, Tich Hospitality LLC and Tich Properties LLC.

    Graves and Rogers co-signed a $2.25 million promissory note in January 2009 that is currently in default, the bank said. The complaint seeks punitive damages because Graves transferred his home and other property into a revocable living trust, allegedly “with the intent to defraud Lender in the collection of the obligations owed.”

    The quitclaim deed transferring the properties was filed at the Gordon County Courthouse in June 2009, at which time Graves was insolvent, the bank alleged.

    The document gave the trust ownership of:

    • Graves’ $272,000 home, built in 2003, on a five-acre parcel tract in Ranger
    • a nearby $49,000 home, built in 1949, on three acres
    • 111 acres of farmland valued by tax assessors at $336,000

    Graves’ latest personal financial disclosure, filed in April, listed all three properties in his name and made no mention of the trust.

    Lori Geary at WSB-TV broke the story Thursday night.

    Graves faces former state Sen. Lee Hawkins in a June 8 runoff. One of them will replace Nathan Deal representing Georgia’s 9th District.

     

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    9 Responses to “Bank: Candidate Tom Graves trying to evade $2.25M debt”

    1. James Groce says:

      Tom where is your integrity? have you lost it? There may be more questions before it is over with.

    2. Former Legal Secretary Now Retired says:

      He must be a protoge of Deal. Integrity? How many of these clowns even know what that means?

    3. richard owens says:

      As James mentions, the byword here is integrity. Integrity, integrates the whole of everything a person believes and represents. If one purports to represent that which is noble, true, right and good — all of that gets thrown out the window when shenanigans like this occur. Including how people manage all of their business affairs and obligations. Actions such as these, be they substantially proven, are the reason we have many in the potential electorate who cynically refuse to vote. To the degree I can know, I vote for the whole person. If I agree ideologically with a candidate — issues such as these, trump that willingness to provide support at the polls.

    4. Jane says:

      Please fallow this story, regardless of ideology we need only honesty people in office. This story may have legs.

    5. mike mcgill says:

      why does this state keep voting republican — get a clue – they take lessons from the former speaker… it’s disgusting – DO NOT VOTE REPUBLICAN!

    6. Former Legal Secretary Now Retired says:

      Two kinds of Republicans – millionaires and suckers. Wake up Georgia – if you are an ordinary person the Republicans could care less about you.

    7. lisa says:

      Tom graves doesnt understand the word integrity. The propertys mentioned arent the only properties he owes…an apartment complex called Southwood in Calhoun Ga belongs to him and Senator Chip Rogers. They have been trying to sell it but no one will touch it…It has been rumor that the tenants could find themselves put out because of a possible forclosure on property. It is believed that this property is tied up in the 2.2 mil. loan. This establishment is as drug infested as the Oglethorpe Inn. There ALOT more to be learned about this property and Graves & Rogers.

    8. lisa says:

      oops ….owns not owes

    9. lisa says:

      Tom graves doesnt understand the word integrity. The propertys mentioned arent the only properties he owns…an apartment complex called Southwood in Calhoun Ga belongs to him and Senator Chip Rogers. They have been trying to sell it but no one will touch it…It has been rumor that the tenants could find themselves put out because of a possible forclosure on property. It is believed that this property is tied up in the 2.2 mil. loan. This establishment is as drug infested as the Oglethorpe Inn. There ALOT more to be learned about this property and Graves & Rogers.

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