Patriot National Founder Mariano Ordered to Pay $1.67M to Lenders

Patriot National founder Steven Mariano must pay creditors $1.67 million for personal loans he defaulted on in 2016, a Broward County Circuit Court judge has ordered. A judgment was entered on May 3 in favor of the plaintiffs — the Michael and Ivette Babylon Revocable Trust, James E. Parker, Timothy R. Tonachio and James W. Wild. The judgment orders Mariano to pay $644,677 to the Babylon Trust; $514,229 to Parker; $192,890 to Tonachio; and $321,338 to Wild; for a total of $1.673 million. Those amounts include the principal balance plus interest and attorney fees. Whether...