Sentences with phrase «received substantial amounts of cash»

By concealing the true purchase price from the banks, Alizadeh received substantial amounts of cash, sometimes millions of dollars, at the close of escrow and avoided making the full down payment or, in some instances, any down payment.

Not exact matches

He further concluded that, as completion of the sale agreements approached in April 2005, and the directors came to appreciate that the club would have insufficient funds from the completion monies with which to make a substantial additional payment to E, all that had been agreed between them was the principle that he should receive a substantial payment as soon as the club was in a position to make it, out of monies flowing to the club from the claimant companies in connection with the project, but that no specific amount had been agreed, nor any requests made to the claimants that they should bear the burden, either in terms of cash flow or expense sharing.

According to a BuzzFeed investigation, Grimes immediately gave a «substantial amount» of the cash he received from Vote Leave to AIQ.