The Press-Telegram reports today that a lawsuit has been filed in Bankruptcy Court claiming that former Queen Mary operator Joseph Prevatil transferred millions of dollars to himself and his management company, Leizure Horizons Inc., between 2001 and 2004. A Bankruptcy Court lawsuit has been filed against Prevatil, citing dozens of transfers.
Prevatil defended the actions, saying that the transfers were reimbursements after he loaned money to Queen’s Seaport Development Inc., without which the company would not have survived.
The lawsuit also alleges that money transferred out from QSDI to Leisure Horizons was used to purchase a Honolulu condominium, which Prevatil says was part of a bonus program.