Author Topic: The snake developing GZM sued for unpaid loan.  (Read 260 times)

Fury

  • Getbig V
  • *****
  • Posts: 21026
  • All aboard the USS Leverage
The snake developing GZM sued for unpaid loan.
« on: October 19, 2010, 12:28:32 PM »
More trouble for mosque man
By KATHIANNE BONIELLO
Last Updated: 6:34 AM, October 17, 2010
Posted: 1:34 AM, October 17, 2010

The money woes keep growing for a developer of the Ground Zero mosque.

Valley National Bank is suing Sharif El-Gamal and his real-estate company, Soho Properties, seeking $95,778 plus interest for an unrepaid loan. The firm took out a $100,000 line of credit, guaranteed by El-Gamal, from the bank in 2008, but defaulted in early 2009, according to court papers.

A spokesman for El-Gamal declined to comment yesterday.

El-Gamal moved from the firm's offices in September after his landlord initiated eviction proceedings over $39,000 in back rent.

He also failed to pay his city taxes in January and July, but agreed to a payment plan in September for $270,000, including interest.

El-Gamal has been a leader in the controversial proposal to build a mosque and community center on Park Place, two blocks from the site of the Sept. 11, 2001, terrorist attacks on the World Trade Center.

Read more: http://www.nypost.com/p/news/local/manhattan/more_trouble_for_mosque_man_qB7zcJKK5zCbcv8j8o4X7I#ixzz12poIbf2S

Where's his Wahhabi terrorist handlers when he needs them?

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41760
  • Doesnt lie about lifting.
Re: The snake developing GZM sued for unpaid loan.
« Reply #1 on: October 19, 2010, 12:32:17 PM »
El-Gamal moved from the firm's offices in September after his landlord initiated eviction proceedings over $39,000 in back rent.

He also failed to pay his city taxes in January and July, but agreed to a payment plan in September for $270,000, including interest.


________________________ ______________________


Good - let him go forward with the mosque - that thing will be riddled with lawsuits, cost over runs, violations, etc setting it back years and years from ever going up.