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Cohen Settles $187M Debt with Fortress
Description
Billionaire Charles Cohen has paid off a staggering $187 million debt to Fortress Investment Group, settling a major legal dispute tied to loan guarantees he signed years ago. Despite Fortress’s aggressive pursuit—including accusations of asset concealment—Cohen’s team insists he’s always honored his obligations, citing the payoff as proof of his integrity. The debt stemmed from a $500 million loan portfolio, and to cover it, Cohen sold prized Manhattan properties like 623 Fifth Avenue and 3 East 54th Street. But this isn’t the end: Fortress says it still has claims against Cohen, including a $30 million carry guaranty and alleged asset transfers, meaning the legal saga may continue.
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