Basketball legend Oscar Robertson faces foreclosure
September 13, 2012Eastern Indiana Sports
CINCINNATI -- Basketball legend Oscar Robertson faces a foreclosure on his chemical company's Fairfield, Ohio, headquarters for nearly $200,000 in back property taxes and interest.
Robertson's money troubles apparently don't end there, documents on file at the Butler County Clerk of Courts office show.
He and his wife personally owe more than $2.4 million to two banks for loans on the Fairfield building, the records show. One of the banks has filed a cross-claim for a judgment against Robertson.
Robertson's company, Orchem Corp., has 14 open tax liens filed against it by Ohio officials (with seven filed on Aug. 24) totaling nearly $12,500. Half of the liens are for unpaid sales taxes. Two shipping companies also have won judgments this year against Orchem totaling nearly $83,000, the court files show.
Robertson's foreclosure case is scheduled to be back in Butler County Common Pleas Court Thursday for a hearing on setting aside the foreclosure.
Robertson's lawyer, Richard Wayne, wasn't available for comment despite several requests.
Last month, Robertson appealed Judge Michael Sage's ruling putting the property up for sheriff's sale to the 12th District Court of Appeals in Middletown, where his filing is pending.