Millions in new Justice liabilities; family assets for WV Congress members detailed

Justice, 74, reported liabilities incurred in 2024 ranging from $80 million to $125 million, comprising most of the $85.8 million to $151.7 million in overall liabilities he reported. Members of Congress typically report financial figures in ranges.

Justice’s liabilities incurred in 2024 were reported as consisting of a $50 million-plus judgment owed to Martinsville, Virginia-based Carter Bank, a line of credit ranging from $25 million to $50 million owed to White Sulphur Springs-based Greenbrier Holdings LLC and a judgment of $5 million to $25 million owed to Chicago-headquartered Western Surety Company.

Carter Bankshares Inc., Carter Bank’s holding company, indicated in a recent U.S. Securities and Exchange Commission filing that what had been a $301.9 million debt owed by the Justices had been reduced to $235.5 million as of June 30.

In June 2024, the bank and the Justice family announced the settlement of a dispute in which the bank has sought $300 million-plus in debt from the Justices. Both sides cited a “pathway of curtailment� in a planned payoff of the debt, with the bank reporting 14 months ago the Justices had paid off roughly $7.8 million of the $301.9 million debt as of the end of 2024’s first quarter.

In January 2024, a Virginia circuit court judge formally denied attempts by Justice, his family and businesses to set aside documents admitting over $300 million of debt owed to the bank.

Justice pledged that he would put his children in charge of his family’s business operations upon becoming West Virginia’s governor in 2017.

Justice’s family said in October that all debts on the family controlled historic Greenbrier resort had been satisfied with Beltway Capital, a Maryland-based loan buyer which was set to auction the properties later that month.

The auction planned for October 2024 was the second scheduled auction of the property. The first was averted on Aug. 22, 2024, when Justice’s family reached an agreement with Beltway Capital to stop the sale of the family’s Greenbrier assets, including the historic Greenbrier Hotel, according to a news release issued that day.

In an Oct. 10 media briefing, Justice said two payments had been made on a total balance of $24 million, leaving a rough balance of $22.3 million due on Oct. 24, “and that’s what will be paid.�

McCormick 101 LLC, the Maryland-based owner of the loan, had sued Justice, the Greenbrier Hotel Corp. and three other companies on July 18 in New York trial court, saying the balance due under a $142 million loan the bank made to Justice was $40.2 million as of July 15 — 17 days past its maturity date.

Justice said that note had been paid down to $9.4 million.

In June 2024, a Virginia federal court entered a judgment of approximately $3.1 million, plus post-judgment interest, against Justice and two of his coal companies in favor of Western Surety, which issues surety bonds.

The court held that the defendants were obligated to compensate Western Surety following its $3 million-plus bond issuance at their request in connection with one of the Justice companies’ appeal of a Texas county district court’s judgment against it in favor of First National Capital LLC, a California-based leasing company.

In April 2024, a federal judge approved liens Western Surety had been seeking on eight of Justice’s companies in response to what the firm said had been his failure to pay an $8.5 million court-ordered judgment.

Western Surety in February asked a Virginia federal court to enter charging orders regarding Justice’s membership interests in eight of his Virginia-based limited liability corporations. Charging orders are court-approved liens a creditor places on distributions from a business.

The federal court approved the charging orders in April 2024 for a total judgment of over $8,557,192 plus post-judgment interest of 6% per year.

Western Surety cited a September 2023 consent judgment in a Virginia circuit court against Justice and his Southern Coal Corp. and Bluestone Resources Inc. coal companies, awarding the firm the $8,557,192.

Western Surety told the circuit court Justice, Southern Coal and Bluestone Resources immediately defaulted under a forbearance agreement they entered into with Western in April 2023 to resolve prior debt, failing to make the first of 30 scheduled monthly payments of $299,525 under the agreement six days after entering into it.

Capito reported husband owned assets worth $1.8M+

Sen. Shelley Moore Capito, R-W.Va., reported assets valued between roughly $876,000 and $2.4 million for 2024 in her latest annual financial disclosure. The assets included stock in Bethesda, Maryland-based defense and aerospace manufacturer Lockheed Martin, Charlotte, N.C.-based energy company Duke Energy Corp. and Atlanta-based rail transporter Norfolk Southern Corp.

Capito, 71, reported her husband Charles Capito Jr. — a West Virginia University Board of Governors member — owned assets valued at more than $1.8 million, including business entity limited partnerships and corporate securities stock.

In a periodic transaction report filed Aug. 4, Capito reported her husband bought stock valued at between roughly $17,000 and $80,000 and sold stock valued at between about $10,000 and $150,000 the previous month. Charles Capito bought stock in firms that included American Express Company, Meta Platforms Inc., parent company of Facebook and Instagram, and Alphabet, which owns Google.Ìý

Miller reported husband owned nearly $20M in assets 

Rep. Carol Miller, R-W.Va., reported over $20 million in assets, most of it owned by her husband, Matt Miller.

Miller, 74, reported her husband owned $19.9 million in assets, down from $23.3 million listed in her 2023 disclosure. Those assets included six Dutch Miller auto dealerships, five valued at over $1 million each, as well as stock in pharmaceutical and health insurance firms.

That included between $100,000 and $250,000 of stock in UnitedHealth Group, whose stock fell briefly last month after the insurance giant said it was under a Department of Justice investigation. In a July 24 statement, the company acknowledged media reports about probes into its Medicare participation.

Miller reported joint ownership — with her husband — of apartments in Huntington valued between $1 million and $5 million and yielding income of between $100,000 and $1 million.

Miller also reported her husband owned stock in pharmaceutical distributor McKesson Corp. that drew income between $50,000 and $100,000. McKesson reached a $37 million settlement with the state of West Virginia in 2019 to resolve the state’s allegations that the company failed to detect, report and help stop a torrent of suspicious opioid painkiller orders into the state.

Moore reported savings plans with six-figure value 

Rep. Riley Moore, R-W.Va., reported owning savings plans through defense and aerospace manufacturer Textron Inc., where he was a director from 2017 to 2020 before becoming West Virginia treasurer, valued at between $265,000 and $550,000.

Moore, 45, reported that his wife, Guillermina Garcia Moore, owned an employee stock plan valued at between $100,000 and $250,000 through strategic communications and advisory firm FGS Global, Inc., where she served in executive roles from 2015 to 2023, according to her LinkedIn page.Ìý

Miller and Moore each had requested 90-day extensions to file their annual disclosures, which had been due in May, before submitting their disclosures this month. Justice submitted his disclosure last month after being granted a 64-day extension in May. Capito filed her disclosure in May, on time.