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Guam - There may be more to the lawsuit filed against Senatorial candidate Brant McCreadie. Galen Lujan, one of the plaintiffs who filed the suit against McCreadie and his wife Dina, spoke with PNC about why he's suing the McCreadies.
ASPAC Distributors, formerly owned by Lujan and Jose and Alicia Okada, was a profitable wholesale business, according to Lujan. Lujan says he decided to sell the business to switch careers. He admits it's a tough business to run, but maintains he and his business partners were profiting from it.
Lujan sold the business for about $55 thousand dollars. Lujan said the McCreadies were supposed to be making monthly payments to him and the Okadas until the loan for the sale of the business was paid off.
Dim lights Embed Embed this video on your siteIn his counter claim, however, McCreadie says Lujan and the Okadas tried to defraud and deceive him. He believes Lujan and the Okadas falsely and fraudulently claimed ASPAC Distributors was producing an income that exceeded $200 thousand dollars a year. "Had the McCreadies known the truth at the time of the purchase, they would not have purchased the business," the counterclaim says.
But Lujan says ASPAC was a strong company selling food snacks to supermarket giants such as kmart, cost-u-less, Payless supermarkets and even the navy exchange.To further prove that Lujan and the Okadas were trying to defraud him, McCreadie says despite being told there was no debt attached to the business, there, in fact, was. He says a line of credit was taken out against ASPAC Distributors of about $35,000 dollars before the sale had occurred. McCreadie believes that not only did Lujan and the Okadas fail to tell him about it, they also lied.
After he had learned about the line of credit, McCreadie says that's when he sought to straighten out the situation. He says payments had to be stopped because the value of the business, with a line of credit against it, was reduced.
Lujan and the Okadas are seeking monetary damages of about $46 thousand dollars plus interest and attorneys fees.
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