An Irish society, an unpaid loan and the hypocrisy of Letitia James
By Social Links for Miranda Devine
Published March 17, 2024, 1:16 p.m. ET
To celebrate St. Patrick’s Day, here is a tale of financial shenanigans at the American Irish Historical Society, in which Trump-deranged New York Attorney General Letitia James is hoist with her own petard.
It involves a grand old building on Fifth Avenue, an unpaid loan, a fading family dynasty, a James Joyce theatrical production which almost ended in fisticuffs, and hypocrisy from the AG as obvious as a glass of green beer.
It all began when James Doyle, a wealthy Georgia businessman with a love of his Irish roots, joined the board of the nonprofit Society, whose jewel in the crown is a rare Gilded Age mansion at 991 Fifth Avenue, right across from Central Park and The Met.
Over the years, financial mismanagement and misfortune had befallen the Society, and it was facing foreclosure. So, in 2017, the board turned to Doyle for a $3 million loan, structured like a private mortgage. He was told that the Beaux-Arts townhouse was worth $50 million and had valuable air rights that were worth even more.
However, the Society only made a few repayments and Doyle soon found things weren’t quite as they seemed.
more
https://nypost.com/2024/03/17/opinion/an-irish-society-an-unpaid-loan-and-the-hypocrisy-of-letitia-james/
