The Michigan Department of Treasury is holding property belonging to yet another affiliate of Detroit casino syndicator Michael J. Malik, Sr.
Fifth Third Bank has transferred property belonging to Malik's Paradice Hunt Club, L.L.C., to the Department of Treasury.
Malik through his Paradice Hunt Club owns 1,000 acres of property in Davison, MI and operates a commerical lodge and hunting grounds on that property. In 2008, Malik was found guilty of illegal firearms discharge in Arizona, was fined nearly $15,000 and stripped of his right to hunt in Arizona, Michigan and a majority of other U.S. states for five years.
Previously TVT has reported that Fifth Third Bank had transferred property to the Department of Treasury belonging to another Malik affiliate, Lucky 7 Development, L.L.C.
Lucky 7 owns property on Harsens Island in St. Clair County, Michigan. Malik's most recent development plans for that property include a marina and 348 clustered housing units. However, Malik has failed throughout the last decade to win approvals for various developments proposed for this property. The St. Clair County Department of Equalization reports that Malik is delinquent paying 2008 property taxes levied on this property which was formerly associated with the Detroit Boys Club.
In April, Fifth Third Bank filed notice with the Oakland County Circuit Court noting Malik was in default on a personal $1 million line of credit.
Fifth Third Bank v. Malik: Complaint (including promissory note)
It's not clear how these actions by Fifth Third Bank and involving Malik and his affiliates might be linked, if at all.
Thursday, November 12, 2009
Tuesday, November 10, 2009
Ilitch Partner Delinquent on 2008 Property Taxes
According to the St. Clair County Department of Equalization the 2008 property taxes on all eight parcels on Harsens Island, MI, owned by Lucky 7 Development, LLC, and referenced below, remain delinquent. These parcels collectively are commonly referred to as the former Harsens Island Boys Club property (Camp Drusilla Farwell).
Parcel History
Documents dated February 12, 1997 and filed in St. Clair County, Michigan record that seven parcels of land situated in Clay Township, St. Clair County, were transfered from D. Fred Smith and Stephanie Smith to Lucky 7 Development LLC. These seven parcels are identified as follows:
Documents dated December 9, 2005 and filed in St. Clair County, Michigan record that one parcel of land situated in the Township of Clay, St. Clair County, and commonly referred to as 805 North Channel, was transfered from Thomas M. Wiethorn to Lucky 7 Developoment LLC. That parcel is identified as follows:
Malik and his Lucky 7 Development LLC / Grand Pointe Development LLC have previously proposed several failed development projects for these parcels including a marina and a large-scale clustered housing project that was anticipated to re-route North Channel Road.
Malik partners with members of Detroit's Ilitch family on various casino development projects in Michigan and throughout the U.S. His business numerous affiliates are registered at the same address as Ilitch Holdings, Inc. in Detroit and his personal office is among the suite of executive offices at Ilitch Holdings headquarters.
In April, Fifth Third Bank filed notice with the Oakland County Circuit Court noting Malik was in default on a $1 million line of credit. Property owned by Lucky 7 Development has been transferred to the Michigan Department of Treasury by Fifth Thirds Bank.
Parcel History
Documents dated February 12, 1997 and filed in St. Clair County, Michigan record that seven parcels of land situated in Clay Township, St. Clair County, were transfered from D. Fred Smith and Stephanie Smith to Lucky 7 Development LLC. These seven parcels are identified as follows:
- 74-14-649-0007-000
74-14-649-0011-000
74-14-618-0004-000
74-14-618-0007-000
74-14-618-0031-000
74-14-514-0033-000
74-14-514-0034-000
Documents dated December 9, 2005 and filed in St. Clair County, Michigan record that one parcel of land situated in the Township of Clay, St. Clair County, and commonly referred to as 805 North Channel, was transfered from Thomas M. Wiethorn to Lucky 7 Developoment LLC. That parcel is identified as follows:
- 74-14-618-0008-000
Malik and his Lucky 7 Development LLC / Grand Pointe Development LLC have previously proposed several failed development projects for these parcels including a marina and a large-scale clustered housing project that was anticipated to re-route North Channel Road.
Malik partners with members of Detroit's Ilitch family on various casino development projects in Michigan and throughout the U.S. His business numerous affiliates are registered at the same address as Ilitch Holdings, Inc. in Detroit and his personal office is among the suite of executive offices at Ilitch Holdings headquarters.
In April, Fifth Third Bank filed notice with the Oakland County Circuit Court noting Malik was in default on a $1 million line of credit. Property owned by Lucky 7 Development has been transferred to the Michigan Department of Treasury by Fifth Thirds Bank.
Monday, November 09, 2009
Casino syndicator with history of illegal activity contributes $30k to Democratic Senatorial Campaign Committee
According to OpenSecrets.org, Detroit casino syndicator Michael J. Malik, Sr. contributed $30,400 to the Democratic Senatorial Campaign Committee on 6.19.09.
Previously such contributions by Malik and his casino gaming partners Mike and Marian Ilitch flowed to committees to re-elect Michigan Senators Debbie Stabenow and Carl Levin -- two who have spearheaded Congressional activity that would pave the way for Malik and his partners to develop an off-reservation Indian casino (Bay Mills Indian Community) in Port Huron, MI.
For more than a decade Malik has failed to win such Congressional approvals despite raising hundreds of thousands of dollars for those who have carried his water including Stabenow, Levin, Michigan Representative Candice Miller, Alaska's Representative Don Young and several others that have been key to Malik's schemes.
Malik and Ilitch are also behind similar off-reservation Indian casinos proposed in Barstow, CA (Los Coyotes Band of Cahuilla and Cupeno Indians) and Hampton Bays, NY (Shinnecock Indian Nation).
In December 2008, Malik was found guilty on firearms charges in Arizona. As a result he was forced to pay a nearly $15,000 fine and stripped of his right to hunt in a majority of U.S. states for a period of five years.
In February 2009, Malik was found to have violated California campaign finance laws and was also fined. Malik has a history of repeating such violations in California.
In April 2009, Fifth Third Bank filed a complaint in Oakland County (MI) Circuit Court claiming Malik had defaulted on a $1 million line of credit.
In May 2009, Malik entered into a settlement agreement in Florida Federal Court acknowledging that he had previously accepted at least $620,000 in fraudulent transfers (Goldberg v. Malik) as part of a Ponzi scheme. That case stemmed from a $300 million Ponzi scheme case brought by the Securities & Exchange Commission against Jack Utsick and others. Utsick has subsequently taken asylum in Brazil.
Previously such contributions by Malik and his casino gaming partners Mike and Marian Ilitch flowed to committees to re-elect Michigan Senators Debbie Stabenow and Carl Levin -- two who have spearheaded Congressional activity that would pave the way for Malik and his partners to develop an off-reservation Indian casino (Bay Mills Indian Community) in Port Huron, MI.
For more than a decade Malik has failed to win such Congressional approvals despite raising hundreds of thousands of dollars for those who have carried his water including Stabenow, Levin, Michigan Representative Candice Miller, Alaska's Representative Don Young and several others that have been key to Malik's schemes.
Malik and Ilitch are also behind similar off-reservation Indian casinos proposed in Barstow, CA (Los Coyotes Band of Cahuilla and Cupeno Indians) and Hampton Bays, NY (Shinnecock Indian Nation).
In December 2008, Malik was found guilty on firearms charges in Arizona. As a result he was forced to pay a nearly $15,000 fine and stripped of his right to hunt in a majority of U.S. states for a period of five years.
In February 2009, Malik was found to have violated California campaign finance laws and was also fined. Malik has a history of repeating such violations in California.
In April 2009, Fifth Third Bank filed a complaint in Oakland County (MI) Circuit Court claiming Malik had defaulted on a $1 million line of credit.
In May 2009, Malik entered into a settlement agreement in Florida Federal Court acknowledging that he had previously accepted at least $620,000 in fraudulent transfers (Goldberg v. Malik) as part of a Ponzi scheme. That case stemmed from a $300 million Ponzi scheme case brought by the Securities & Exchange Commission against Jack Utsick and others. Utsick has subsequently taken asylum in Brazil.
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