Meet Jim Justice, the deadbeat billionaire: by chrishelman
. “I love him to death,” says Justice of the president. “You know we are a lot alike.”
In 2014, Mechel sued Justice and Weir International, a mining consultancy, for fraud. According to Mechel’s complaint, “Justice knowingly and with the intent to defraud and/or negligently made or caused to be made misrepresentations and omissions of material fact.” “I could have put them into bankruptcy,” he says. “It takes time to fix everything and do it right, and along the way you get people who are throwing rocks at you.”
In December 2017, a U.S. district court in New York issued a judgment for $843,000 against Justice’s Southern Coal in favor of National Union Fire Insurance Co. That judgment was transferred to West Virginia, where the U.S. Marshals Service was tasked with seizing assets from Southern Coal accounts at banks that included Wells Fargo and JPMorgan Chase. The marshals found nothing but closed or empty accounts. In January, the court appointed a special commissioner to help get to the bottom of it.
All agree that the state needs to invest more in entrepreneurs, but it’s harder to attract them when the face of your state is a deadbeat billionaire. “Business owners and entrepreneurs expect an even playing field when choosing where to locate. They want everyone—the governor included—to be treated equally under the law,” says Republican delegate Joshua Higginbotham. There’s also a strong sense that Justice is too distracted to be doing a full job for West Virginians.
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