Simon has been ordered to pay up...
From Radar Online
According to court documents obtained by RadarOnline.com, an Ohio judge ordered Simons' Simcol Petroleum Limited Company to pay $887k.
NetJets Aviation, Inc. sued Simon’s business, Simcol Petroleum Limited Company in Ohio court in January. NetJets operates a “fractional aircraft program.” It “engages in the business of selling and leasing fractional interests in private jets in the NetJets Fractional Program.” The program allows a jet to be co-owned by multiple people or companies sharing it.
NetJets claimed Simon’s company entered into a deal in August 2020. Simcol agreed to lease a 12.5% interest in a Cessna Citation aircraft, per the lawsuit. The interest was later increased to 15.62%
In the lawsuit, NetJets claimed Simcol breached the deal.
“Defendants breached the terms of the Program Agreement by failing to timely pay to Plaintiffs all amounts due under the Program Agreement, and Plaintiffs terminated the Program Agreement under its terms on or about February 28, 2023,” the suit read.
NetJets’ complaint said, “At the time of the termination of the Program Agreement, Defendant owed to Plaintiffs the amount of $974,213.11 under the terms of the Program Agreement.”
NetJets said Simcol reached a deal in August 2023 to settle the matter. Simon’s company was to pay $839k via monthly installments.
The lawsuit said Simcol made the first $25k installment payment but failed to pay the second one due in October 2023 or any additional payments.
NetJets demanded Simcol pay the $814k remaining owed plus interest.
Last month, NetJets demanded a default judgment against Simcol. The company said it served Simon’s company in February, but it had failed to respond to the lawsuit.
This week, the court granted the motion and entered a default judgment of $887k against Simcol.
5 comments:
He can pay the bill for a ride back to Africa and scam folks there.
Deport him!
This dude is a clown because all he does is cruise IG pretending he's a baller but can't pay his bills. Bum!
This guy is so ugly to me. Not.a day for all the money in the world. Kinda gross
They need to just deport him. Why are they still playing like he’s not a menace? Joe Guidice on RHONJ was jailed then deported.
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