Deal sets up blind trust, restructures debt
ATLANTA — Gov.-elect Nathan Deal has named a political supporter to oversee many of his assets while he's in office and has restructured more than $1 million in personal debt remaining from a failed family business venture.
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The Republican's lawyer, Randy Evans, said Deal has set up a blind trust for his holdings, following through on a campaign pledge. But he isn't putting everything in it.
Deal will maintain control over his Gainesville home and Habersham County land that housed his daughter and son-in-law's sporting goods store. Both properties are up for sale to help pay off some $1.35 million in debt he incurred from backing the failed North Georgia business, Wilder Outdoors.
Deal will be sworn in Monday. His troubled finances became a flashpoint in last year's campaign after revelations that he was deeply in debt and had initially failed to disclose millions of dollars in business loans.
Jimmy Allen, a Tifton-based accountant and Deal political supporter, will serve as trustee of the governor's assets and act as his surrogate on business matters. Deal is transferring his share of Gainesvill
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