{"id":30841,"date":"2022-06-16T05:01:45","date_gmt":"2022-06-16T08:01:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30841"},"modified":"2026-04-23T07:43:19","modified_gmt":"2026-04-23T10:43:19","slug":"us-marshals-service-seizes-over-150k-from-ipi","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/us-marshals-service-seizes-over-150k-from-ipi","title":{"rendered":"US Marshals Service seizes over $150K from IPI"},"content":{"rendered":"\n

The funds have been seized from IPI\u2019s bank account in favour of Red Coral Corporation, which sued IPI for not paying a lease agreement for a 20-unit apartment.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- The US Marshals Service has seized funds from Imperial Pacific International (IPI) in order to satisfy a court judgement in favour of Red Coral Corp. The company had sued the casino operator for failing to pay leases on a 20-unit apartment complex<\/strong> between January 2019 and August 2019. <\/p>\n\n\n\n

Last February, IPI was ordered to pay Red Coral Corp $150,000 plus post-judgement interests at a rate of 9 per cent per year, along with costs. Shortly afterwards, a second request for a warrant of execution was filed by Red Coral for up to $163,500.<\/p>\n\n\n\n

In March, the US Marshals Service seized $9,386.66<\/a> from IPI\u2018s Saipan bank account by writ of execution in order to comply with the judgment on behalf of Red Coral Corp. In May, the attorney representing Red Coral Corp filed a third request <\/strong>for a warrant of execution, which the court granted on May 18.<\/p>\n\n\n\n

On June 3, the US Marshals executed the writ of execution and received $154,113.34 in a cashier’s check from the Bank of Saipan made payable to the clerk of court. Together the amounts seized will be given to Red Coral to satisfy the judgment.<\/p>\n\n\n\n

IPI in settlement agreement with the CCC<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, IPI has said it is close to reaching a settlement with the Commonwealth Casino Commission (CCC). The company\u2019s lawyers have told the court that they have settled the terms of the agreement with CCC Executive Director Andrew Yeom <\/strong>and are in the process of finalising the documents.<\/p>\n\n\n\n

Chief Judge Ramona V. Manglona<\/strong> had issued a temporary restraining order<\/a> preventing the Commonwealth Casino Commission (CCC) from holding a hearing to decide the fate of the company\u2019s exclusive casino licence, which remains suspended.<\/p>\n\n\n\n

The two parties are scheduled to hold a status meeting on Friday, July 1.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds have been seized from IPI\u2019s bank account in favour of Red Coral Corporation, which sued IPI for not paying a lease agreement for a 20-unit apartment.<\/p>\n","protected":false},"author":176,"featured_media":11021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) has had funds seized by the US Marshals Service to satisfy a court judgment for unpaid lease agreements to Red Coral Corporation. Concurrently, IPI is nearing a settlement with the Commonwealth Casino Commission (CCC) regarding its suspended exclusive casino license, with a temporary restraining order currently preventing a definitive hearing.","focusai_entities":"Imperial Pacific International (IPI), Red Coral Corporation, US Marshals Service, Commonwealth Casino Commission (CCC), Andrew Yeom, Ramona V. Manglona, Bank of Saipan, Focus Gaming News","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Settlement Terms?","query":"What are the specific terms of the proposed settlement agreement between Imperial Pacific International and the Commonwealth Casino Commission, and how will they impact the operator's exclusive license status and long-term operational viability?"},{"label":"Impact of Fund Seizure?","query":"How will the ongoing financial liabilities and the US Marshals Service's fund seizure affect Imperial Pacific International's capital structure, liquidity, and ability to meet future obligations or attract new investment?"}],"footnotes":""},"categories":[16336,156],"tags":[24134,22674],"class_list":["post-30841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30841"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30841\/revisions"}],"predecessor-version":[{"id":30870,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30841\/revisions\/30870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11021"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}