CHARLESTON, W.Va. — In a new court filing, West Virginia Gov. Jim Justice blamed a bankrupt U.K. bank for fraudulently inducing him into personally guaranteeing $700 million in loans that were taken out by his companies.

In the amended complaint filed Friday, Justice's family and coal companies claim that Greensill Capital U.K. “perpetrated a continuous and highly profitable fraud.”

Justice told reporters Tuesday that the loans are “a burden on our family beyond belief.” Justice's Bluestone Resources Inc., which is involved in the business of mining metallurgical coal used for steel making, sued Greensill in March in federal court in New York.

The business troubles of the Republican governor, who Forbes recently took off its list of billionaires because of mounting debt, have been publicly aired over the past week. In addition to the $700 million owed to Greensill, Justice revealed in a separate lawsuit that he is personally on the hook for $368 million to Virginia-based Carter Bank & Trust.

And Justice's businesses face several other woes, including penalties totaling $3.2 million from the federal government and lawsuits over claims his companies failed to deliver coal.

The latest filing in the case against Greensill in U.S. District Court in New York shows that the governor and his wife, Cathy Justice, and son Jay Justice personally guaranteed payment on the loans for Bluestone. The complaint alleges that the London-based bank deceived them into signing on by hiding its own financial risk.

Greensill, a supply chain finance firm based in London, went under in March over allegations of fraud. The Financial Conduct Authority, Britain's financial regulatory body, has announced a formal investigation into Greensill's collapse after receiving allegations that it said were “potentially criminal in nature.”

Greensill began lending to Bluestone in 2018. The company sought financing after a period of decline under the ownership of Russian mining and metal company Mechel, according to court documents.

WASHINGTON — President Joe Biden says members of the graduating class of 2021 are leaving school at an “inflection point” that gives them influence to shape the nation and the world around them like few others.Biden's brief video message to graduates was released Friday by the White House as the coronavirus pandemic has put a dent in commencement ceremonies. Comparing today's students to those who graduated during the era of the civil rights and anti-war protest movements, Biden encouraged them to seize the moment to tackle climate change and systemic racism.Biden told the graduates that only once in every few generations does a class enter history at point “where it actually has a chance to change the trajectory of the country,” as he said theirs will.“You're going to see more change in the next 10 years than you saw and we saw in the last 50 years,” Biden said. “It's going to be up to you to translate that unprecedented change into a greater measure of happiness and prosperity for not only you and our nation, but for the world around you. “Biden delivered remarks last month at the Coast Guard Academy's graduation, but has no other commencement remarks scheduled this year.