Quantcast

COOK COUNTY RECORD

Friday, March 29, 2024

Auction.com

Recent News About Auction.com View More

  • Judge clears sale of hotels worth $86 million amid ongoing First Farmers fraud litigation

    By Scott Holland |
    The online sale of five hotel properties worth a combined $86 million is proceeding after a federal judge in Chicago approved the transaction, which is connected to an ongoing lawsuit regarding a multi-million dollar fraudulent loan scheme. Pennant Management is embroiled in legal proceedings after accusing First Farmers Financial of selling it the federally guaranteed portions of 26 fraudulent loans allegedly worth $180 million.