Albeit indirectly, apparently so.
Moreover, the firm of a Cuban official who publicly declared that, "I love Fidel like my father."
From South Florida Business Journal:
Cuba travel agency hit with foreclosure by Citibank
A Coral Gables travel agency that specialized in trips to Cuba has been hit with a foreclosure lawsuit and a U.S. government agency could be on the hook.
C & T Charters’ website proclaims that it’s “Your bridge to Cuba” and offers both academic and family travel there. The Miami Herald reported in November that Cuba suspended the company’s charter-flight permits. C & T Charters has operated since 1991. Its phone lines didn’t work.
The timing of Cuba’s decision was most unfortunate for Citibank and, ironically, the U.S. government. In July 2012, the bank (NYSE: C) made a $1.5 million first mortgage and a $1.2 million second mortgage to JGAJ Associates, managing member John H. Cabanas and C & T Charters. The second mortgage was assigned to the U.S. Small Business Administration through Florida First Capital Finance Corp.
Yes, a U.S. government agency subsidized a mortgage for a travel agency promoting trips to communist Cuba.
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| John Henry Cabañas/ babalublog.com |
Moreover, the firm of a Cuban official who publicly declared that, "I love Fidel like my father."
From South Florida Business Journal:
Cuba travel agency hit with foreclosure by Citibank
A Coral Gables travel agency that specialized in trips to Cuba has been hit with a foreclosure lawsuit and a U.S. government agency could be on the hook.
C & T Charters’ website proclaims that it’s “Your bridge to Cuba” and offers both academic and family travel there. The Miami Herald reported in November that Cuba suspended the company’s charter-flight permits. C & T Charters has operated since 1991. Its phone lines didn’t work.
The timing of Cuba’s decision was most unfortunate for Citibank and, ironically, the U.S. government. In July 2012, the bank (NYSE: C) made a $1.5 million first mortgage and a $1.2 million second mortgage to JGAJ Associates, managing member John H. Cabanas and C & T Charters. The second mortgage was assigned to the U.S. Small Business Administration through Florida First Capital Finance Corp.
Yes, a U.S. government agency subsidized a mortgage for a travel agency promoting trips to communist Cuba.
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