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James McManus Tells Michigan’s Big Show Alleged Fairbridge Fraud Cost Him Millions and Nearly His Life
Lansing, MichiganReal estate developer James McManus joined Michigan’s Big Show host Michael Patrick Shiels to discuss his ongoing financing dispute involving Fairbridge Asset Management and what he believes are broader concerns about transparency, accountability, and alleged fraud within the private credit industry. During the interview, McManus discussed an $8.2 million term sheet he signed on August 14, 2024, […]
Lansing, Michigan
Real estate developer James McManus joined Michigan’s Big Show host Michael Patrick Shiels to discuss his ongoing financing dispute involving Fairbridge Asset Management and what he believes are broader concerns about transparency, accountability, and alleged fraud within the private credit industry.
During the interview, McManus discussed an $8.2 million term sheet he signed on August 14, 2024, to finance a Connecticut development project. According to McManus, the financing commitment was rescinded the following day, halting construction. He also alleged that he was later asked to provide an additional $1 million payment unrelated to the original financing terms and that more than $500,000 was withdrawn from the project’s interest reserve account.
McManus told listeners the financial and emotional toll of the dispute contributed to heart failure that required life-saving sextuple bypass surgery on December 4, 2024. He said he later entered into a new agreement in February 2025, under which the lender ultimately received the additional $1 million payment.
“This is about more than one real estate project,” said McManus. “It’s about accountability, transparency, and protecting borrowers from practices that can jeopardize businesses, livelihoods, and families.”
“Our goal is to let listeners hear Mr. McManus’s perspective and allow them to make up their own minds based on the facts presented,” said Michael Patrick Shiels.
The appearance on Michigan’s Big Show is the latest in a series of national media interviews as McManus continues raising public awareness about his allegations and advocating for greater oversight of commercial lending practices.
Watch the full interview:
https://www.youtube.com/watch?v=FuGelvDr4-4
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