BANGOR – Great Northern Paper Inc. fraudulently transferred several of its properties to its owners, Inexcon Maine, for use to secure $3.1 million in loans from Katahdin Federal Credit Union, a federal bankruptcy judge ruled this week. But the Millinocket-based credit union may have acted… Read More
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U.S. judge cites fraud by GNP Ruling says credit union can defend loans to Inexcon Maine
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U.S. judge cites fraud by GNP Ruling says credit union can defend loans to Inexcon Maine