A St. Clair County man is accused of not paying back more than $120,000 in personal loans.
Keith A. Markus filed a lawsuit July 30 in St. Clair County Circuit Court against Robert Wessel.
According to the complaint, Markus loaned Wessel money on three occasions between September 2007 and January 2010, totaling more than $120,000. In each case, Wessel allegedly promised to repay the principal plus interest.
In the first loan dated September 2007, Markus claims Wessel agreed to borrow $25,000. Markus says Wessel promised to pay back the loan in full plus 6 percent interest by December 2007. In November 2007, Markus says he loaned Wessel more than $75,000 with the understanding Wessel would repay the principal plus 10 percent interest by February 2008.
Markus contends another promissory note in January 2010 shows Wessel borrowing another $20,000 to be repaid that amount plus 10 percent interest by May 2010.
Markus alleges Wessel has yet to make a payment on any of the three loans. He asks to be awarded the principal of those loans and interest, a total of almost $179,000, plus court costs.
Attorney Kurt S. Schroeder of Belleville represents Markus.
St. Clair County Circuit Court Case No. 12-L-390