"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, August 4, 2010

Atlantic City Casino and ASARCO A.G. Swiss Bank-President Mikhail Katamanin

"Foreign investor Mikhail Katamanin, who in May was hit with a $12-million foreclosure lawsuit on his Highland Park mansion, filed a personal bankruptcy petition June 6 [2009] in U.S. Bankruptcy Court in Chicago.... His debts are described as “primarily consumer,” and the list of creditors includes Atlantis at Paradise Island Resort & Casino in the Bahamas, Caesars Palace Las Vegas Hotel & Casino and Trump Taj Mahal Casino Hotel in Atlantic City. Chicago lawyer Kori Bazanos, who represents Mr. Katamanin, declined to comment. Related story: Lender asserts claim on lakefront mansion"

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=34626

"A Caribbean investment company has sued to collect on a $12-million loan ...the property is held in trust by Swiss company Asarco A.G., which Mr. Mikhail [Katamanin] controls, according to the complaint and public records....lawyer Irving Drobny, who represents Asarco, is out of the country until next week, according to employees at his office....The claim also is to be arbitrated in Switzerland, according to the complaint."
http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=34626

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