He's a former Marine who says he tried multiple times to restructure his loan for his home in Riverside, California but he was denied a modification of that loan.
Even during recent negotiations to secure funding to fend off a collapse of their banking system and restructure a Russian loan, Cyprus balked at the idea of exchanging support for exploration and production rights to their offshore claims.
Kerzner tried for months prior to the mortgage's Sept. 9 due date to restructure the debt with Brookfield, which held a critical junior piece of the loan.