Feds win $22.5 million judgment against former Gov. Kenny Guinn’s company, partners

When the federal government closed Community Bank of Nevada in August of 2009, Jeff Guinn, the son of former Governor Kenny Guinn, and his business partners, including his father, owed the bank a total of more than $40 million dollars in defaulted loans. Governor Guinn is described in legal documents as a principal in Coronado Aspen II, the company that owned the property that housed Aspen Financial.  That property was the collateral for a $4.7 million loan from Community Bank, although the governor failed to disclose the debt on financial disclosures filed with the Secretary of State.

In the six years since that bank closure Governor Guinn suffered a tragic, fatal fall from his roof, the state revoked his son’s mortgage broker license and Jeff Guinn and his wife, Monica, filed Chapter 7 bankruptcy to wipe out tens of millions of dollars in debts.

But not so for Guinn’s partners.  Earlier this month a federal court issued judgments against Sean and Lisa Corrigan, Kent and Mary Barry and their various entities in the amount of $22.5 million.

Here’s a link to all the Aspen/Guinn federal judgments

https://dockets.justia.com/docket/nevada/nvdce/2:2009cv01809/68915

and below are the rulings from this month.

July 7, 2015 335 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Sean P. Corrigan. The Federal Deposit Insurance Corporation shall recover from Counter Defendant Sean Corrigan, jointly and severally, the sum of $22,506,377.00, which is inc lusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 336 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Sean and Lisa Corrigan, as Trustees of the S&L Corrigan Family Trust. The Federal Deposit Insurance Corporation shall recover from Counter Defendants Sean Corrigan and Lisa Corri gan, as Trustees of the S&L Corrigan Family Trust, jointly and severally, the sum of $22,506,377.00, which is inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015d. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 337 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Pacific Sunset Development, LLC. The Federal Deposit Insurance Corporation shall recover from Counter Defendant Pacific Sunset Development, LLC, jointly and severally, the sum of $22,506,377.00, which is inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 338 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Mary Sunshine Barry. The Federal Deposit Insurance Corporation shall recover from Counter Defendant Mary Sunshine Barry, jointly and severally, the sum of $22,506,377.00, whi ch is inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 339 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Lisa D. Corrigan. The Federal Deposit Insurance Corporation shall recover from Counter Defendant Lisa D. Corrigan, jointly and severally, the sum of $22,506,377.00, which i s inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 340 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against R. Kent Barry. The Federal Deposit Insurance Corporation shall recover from Counter Defendant R. Kent Barry, jointly and severally, the sum of $22,506,377.00, which is inclu sive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 341 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against Coronado Canyons, LLC. The Federal Deposit Insurance Corporation shall recover from Counter Defendant Coronado Canyons, LLC, jointly and severally, the sum of $22,506,377. 00, which is inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 342 Opinion or Order of the Court JUDGMENT in favor of Federal Deposit Insurance Corporation against R. Kent and Mary Sunshine Barry, as Trustees of the Barry Family Trust. The Federal Deposit Insurance Corporation shall recover from Counter Defendants R. Kent and Mary Suns hine Barry, as Trustees of the Barry Family Trust, jointly and severally, the sum of $22,506,377.00, which is inclusive of interest, attorneys’ fees, and costs and all other sums sought to be recovered by the FDIC-R on account of its first through fourth counterclaims. Each party to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)
July 7, 2015 343 Opinion or Order of the Court JUDGMENT. The FDIC-R is awarded a judgment on the Corondao Canyons Claims and shall recover from the Remaining Defendants, jointly and severally, the sum of $22,506,377.00, which is inclusive of interest, attorneys’ fees and costs and all other sums sought to be recovered by the FDIC-R on account of its Coronado Canyon Claims. Each party is to bear its own attorneys’ fees and costs. Signed by Judge Jennifer A. Dorsey on 7/7/2015. (Copies have been distributed pursuant to the NEF – SLD)

3 thoughts on “Feds win $22.5 million judgment against former Gov. Kenny Guinn’s company, partners

  1. The Feds should have to get in line after all the clients of Aspen that were defrauded out of millions of dollars. Jeff Guinn and others worked to protect their interests ahead of depositors/investors and refused to go after the personal indemnity of his borrower friends.

  2. We lost our life’s savings and it was for our golden years BIG LAUGH and my husband is a 31 year retired law enforcement

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