Evidence of State Representative's Shady Dealings Spread
Georgia State Representative Ron Sailor, Jr., who pled guilty to money laundering charges in the United States District Court for the Northern District of Georgia back in March for attempting to assist drug dealers in laundering hundreds of thousands of dollars worth of drug money, was also involved in suspect real estate deals. As the Atlanta Journal-Constitution reports, records have revealed that Mr. Lee Anderson, Sailor's wife's grandfather, purchased two duplexes in Macon, Georgia, from Sailor in 2005. Sailor purchased the duplexes for $30,000 and sold them to Anderson 6 months later for $126,000.
However, Anderson was actually a 101 year-old man who died last week and who lived on an isolated road in Mississippi and never set foot in the State of Georgia. Anderson's wife Ruby has stated that the couple had nothing to do with real estate, and that the signatures on the mortgage documents did not resemble Anderson's handwriting. Documents relating to the properties would be sent to the couple, and Sailor informed the couple that he would take care of it. The properties were eventually foreclosed on and sold.
Records show that Sailor, the son of well-known television and radio newsman and pastor, Ron Sailor, Sr., was involved in heavy buying, selling and transferring of real estate following his election to the Georgia General Assembly in 2000. Sailor bought a house in Decatur, condominums in Atlanta, Norcoss and Lithonia, Georgia, and approximately 9 properties in Macon. 7 of the 9 Macon properties were uninhabitable, however Sailor, through his business Completed Works of Georgia LLC and other companies, borrowed against the properties until the value of the loans was greater than the value of the properties. Sailor, through the companies, would further transfer the properties back and forth. Sailor defaulted on approximately 9 loans, and had numerous foreclosures and court judgments against him. In 2006, an investor named Obie Bacon obtained a $328,000 judgment against Sailor after Sailor defaulted on approximately $300,000 worth of loans which Bacon had made to Sailor.
Sailor further fell behind on his state income taxes, bounced checks and borrowed $80,000 from a lobbyist for the payday lending lobby, promising to pay the lobbyist $120,000 in 5 days, but defaulted on this loan as well. Leaders of the Greater New Light Missionary Baptist Church, where Sailor preached, have accused Sailor of secretly obtaining a mortgage on the church's property.
