Paulson Resorts, ATP, Madoff, Slavery Museum: Bankruptcy

Paulson & Co. and Winthrop Realty Trust gave up on trying to retain ownership of the remaining four resorts they foreclosed in early 2011. Instead, they will sell the properties to secured lender Government of Singapore Investment Corp. for $1.5 billion, including $1.12 billion in cash and $360 million in debt.

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