Agents take computers and boxes of documents from embattled developer Justin French’s office, and sources say the investigation centers on potential fraud related to historic tax credits.
Union First Market Bank
French saga takes new twist
An embattled developer’s plan to wrest control from an investor might not be working quite as planned.
Union First sues Justin French
Union First Market Bank filed a lawsuit filed last Friday seeking to place seven of his properties, for which they hold the deed of trust on, under receivership by court order.
100-year-old banks brought under new Union brand
Those billboards that ask, “Is it so wrong to love a bank?” may expanding their reach even further in Virginia.
‘Strategic’ default?
One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.
Bankers make more bucks
Pay for local bank executives rose in 2009 but was still below 2007 levels, according to SEC filings.