Accused White House Crasher Tareq Salahi Files Bankruptcy

Alleged White House gate crasher Tareq Salahi's polo club has filed for bankruptcy.

The Northern Virginia Daily reported that America's Polo Cup Inc. filed for Chapter 7 in U.S. Bankruptcy Court on Sept. 13.

The petition says America's Polo Cup grossed more than $400,000 in 2008 and 2009, but just slightly more than $50,000 this year.

It lists $67,000 in assets - all in the form of money owed to the company - and $329,850 in debts, including more than $304,000 for catering that is the subject of a civil lawsuit.

A winery business owned by Salahi filed bankruptcy in 2009.

Salahi and his wife, Michaele, made headlines last year when they allegedly crashed a White House state dinner. Michaele is a cast member on Bravo's reality show "Real Housewives of D.C.

www.nydailynews.com

Bankrupt Greece Selling Islands

What's a country with no money and thousands of islands to do? Greece is trying to pay off some of its massive debt by selling or offering long-term leases on some of its 6,000 islands, only 227 of which are inhabited, the Guardian reports. The country, which received a $135 billion bailout from the European Union last month, has also put its rail and water systems up for sale.

"I am sad—selling off your islands or areas that belong to the people of Greece should be used as the last resort," said the director of one property agency. "But the first thing is to develop the economy and attract foreign domestic investment to create the necessary infrastructure. The point is to get money."

www.newser.com