Fraud also? Didn't pay his bills? Lied to people? How can they say that ?
-Blog editor
The Associated Press
(from Anchorage Daily News)
April 17, 2008
The state's third largest credit union is suing a prominent home builder over millions of dollars in delinquent loans.
Denali Alaskan Federal Credit Union filed its lawsuit in March. It says Lee Baker Jr. and his business associates are responsible for $16 million in delinquent loans for building projects in Anchorage and the Matanuska-Susitna Borough.
The credit union also accuses Baker and his wife, Pat Baker, who is a real estate agent, with fraud. The lawsuit says the total debt owed is $16.9 million, plus interest and fees. The lawsuit also seeks punitive damages.
Full Story:
http://www.adn.com/news/alaska/ap_alaska/story/378726.html
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