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Par receiver files to seize Philly properties, release some Vagnozzi funds; defense blames losses on gov’t

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Par receiver files to seize Philly properties, release some Vagnozzi funds; defense blames losses on gov’t
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To make sure, B&T, a janitorial-supply firm, owed $91 million, however $89 million was “funding charges” (curiosity), the protection attorneys mentioned. Colorado Houses Inc., a developer and marijuana farm landlord, had equally repaid most of its $26 million in principal, whereas nonetheless owing hundreds of thousands in charges, collateralized by land. Kingdom Logistics, a Texas-based mining firm, has repaid $35 million of $38 million it borrowed and continues to pay charges.





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