Back in 2005, when Waikoloa Land Co. and Waikoloa Cattle were working out a deal to sell off most of the undeveloped land they held, one of the key parties in the negotiations was Michael Miroyan. When the sellers learned of the Miroyan’s criminal history, they did not want to transfer the property to him.
As a result, Miroyan worked out a deal with Stefan Martirosian, the principal of the company, Waikoloa Mauka, that did end up purchasing the land, calling for Miroyan to hold a 20 percent interest in the company that held title to the land. Then . . .
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