Hawaii heiress Abigail Kawananankoa got $142,000 federal bailout loan
Millionaire Hawaiian heiress among those who received federal bailout funds By Rick Daysog | December 29, 2020 at 6:34 PM HST - Updated December 29 at 8:11 PM
HONOLULU, Hawaii (HawaiiNewsNow) - Hawaii heiress Abigail Kawananakoa received a $142,000 federal loan meant for pandemic-stricken businesses, Hawaii News Now has learned.
Her attorney Bruce Voss said the 94-year-old Kawananakoa needed the Paycheck Protection Program loan because the three-year legal battle over her $215 million fortune had drained her bank accounts.
Her application said she planned to use the money to keep nine staffers working during the pandemic.
But her trustee James Wright said that most of the workers are actually personal staff and that the loan wasn’t needed because her trust was paying their salaries.