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Seafood tycoon John Risley sold art, planes as loan interest spiralled: court filings
Risley's CFFI Ventures faces nearly $1 billion debt from a 2017 $250 million loan due to punitive interest, prompting asset sales and a restructuring plan submitted to court.
Summary by CTV News
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5 Articles
Seafood tycoon John Risley sold art, planes as loan interest spiralled: court filings
An investment firm owned by seafood tycoon John Risley sold off planes and art in an effort to pay down a US$250-million loan that had ballooned to nearly US$1 billion under punishing interest rates, court documents show.
·Canada
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Total News Sources5
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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