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Documents in the Wells Fargo lawsuit show Sadek’s debts include $5 million owed to billionaire James Jannard, the founder of Foothill Ranch-based Oakley, the sunglasses maker. Sadek used homes in Newport Coast and Las Vegas as collateral. County records show Sadek borrowed an additional $2.5 million from Jannard using a third property as collateral â€“ for a total of $7.5 million owed to the Oakley magnate.
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