Nathan Deal Sets up Blind Trust, Restructures Debt
ATLANTA - Georgia Gov.-elect Nathan Deal has set up a blind trust to control his personal assets while in office.
But the Republican is maintaining control over key property, including his home and land that housed a failed sporting goods venture. Both are up for sale.
Jimmy Allen, a Tifton-based accountant and Deal political supporter, will oversee the goveor's assets while he's in office.
Deal has also restructured a $2.2 million loan that had been coming due Feb. 1 stemming from his investment in Wilder Outdoors. Allen said Deal and his wife Sandra have liquidated all their retirement accounts and paid off about $850,000 of that debt. The remaining $1.35 million has been refinanced and is due in three years.
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Mike Gallagher
Freelance writer with a passion for travelling
