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Thursday, July 25, 2019
Foreclosure Next? Court Finds Criminal Al Hee's Scam Company in Default
By Selected News Articles @ 12:01 PM :: 5664 Views :: DHHL, Ethics

Loan Default

From Court House News, July 24, 2019

In the U.S. District Court for Hawaii, Judge Michael Seabright ruled that Sandwich Isles Communications defaulted on more than $129 million in promissory notes owed to an agency of the U.S. Department of Agriculture.  

The Rural Utilities Service loaned millions to the company to finance the installation of a telecommunications network in the state.

PDF: RULING   --  “The United States also moved for summary judgment on Count Two, seeking to foreclose immediately on the loans and to sell all property pledged as collateral, but it is no longer pursuing such relief at this stage of the proceedings.”  

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