Sunday, November 23, 2014

Deadbeat: Failed Maryland Dem guv candidate's campaign hasn't repayed $500K union loan

The Laborers Union, by the way, has a checkered reputation.

From the Baltimore Sun:
Democratic gubernatorial candidate Anthony G. Brown, who took out a $500,000 loan from the Laborers International Union in October to keep his faltering campaign going, did not pay it off as planned, according to a financial report filed Tuesday night.

Brown's campaign manager had vowed to pay back the unusual loan in full by Election Day. But the report showed that the campaign actually made no payments.

To take out the loan, Brown signed a personal guarantee of its repayment, and could be liable if the money can't be repaid. The report showed that Brown had $137,497 in his campaign account as of Nov. 11.
Fools and their money are easily parted.

No comments: