Reverend Kenneth Moales Jr., the bullying, flamboyant chairman of the Bridgeport Board of Education and former campaign treasurer for Mayor Bill Finch, is finally facing the music as he and his church are being served with foreclosure papers on all of his church’s properties, including the buildings that house the taxpayer-funded day-care centers owned and operated by his mother and sister.
Once considered virtually untouchable, the Malloy and Finch ally has served as the outspoken leader in the on-going effort to make Paul Vallas the permanent superintendent of schools in Bridgeport, despite the fact that fact that Vallas doesn’t have the legal credentials to serve as Bridgeport’s superintendent.
Fighting to implement the will of Governor Malloy and Mayor Bill Finch, Moales and the other loyalists on the Bridgeport Board of Education have worked unceasingly to support and protect Vallas and his education reform efforts
But at the same time, more and more public dollars have been flowing to daycare centers operated by Moales’ mother and sister. As a result of Governor Malloy’s actions, the amount of public money going to the Moales family has increased to approximately $1 million a year.
Since the daycare centers rent space from Kenneth Moales, Jr. and his church, Moales himself has been one of the biggest beneficiaries of this public spending.
But the dark storm clouds that have hovered on the horizon have now moved directly over Moales and his financial empire.
A new lawsuit, brought by the company that loaned Moales at least $8.2 million to build one of his churches, seeks to immediately foreclose on all church properties.
Foundation Capital Resources, Inc. a company that lends money to fundamentalist churches is presently delivering the lawsuit to Moales and all of the other entities that Moales owes money. The lawsuit was filed with the Bridgeport City Clerk’s Office within the last 48 hours.
The foreclosure lawsuit seeks a deficiency judgment against Moales and his church and the immediate possession of all the church’s properties including;
- The Cathedral of the Holy Spirit – Home of the War Cry located at 695 Union Avenue, Bridgeport, Connecticut
- The Love Christian Academy located at 729 Union Avenue, Bridgeport, Connecticut
- The Prayer Tabernacle Church of Love, Kingdom’s Little Ones Academy and the Bishop Moales Fine Arts Center at 1243 Stratford Avenue, Bridgeport, Connecticut
- The Kingdom’s Little Ones Christian Daycare at 1277 Stratford Avenue, Bridgeport, Connecticut
- The House of Virtue on Central Avenue, Bridgeport, CT 06607
The full list of properties to be foreclosed upon include: 1209-1211 Stratford Avenue, 1221 Stratford Avenue, 1231-1243 Stratford Avenue, 1259-1263 Stratford Avenue, 1273 Stratford Avenue, 851 Central Avenue, 852-854 Central Avenue, 316 Deacon Street, 1065-1081 Central Avenue, 1044-1046 Central Avenue, 1054-1056 Central Avenue, 1062-1074 Central Avenue, 685-695 Union Avenue, 715 Union Avenue and 729 Union Avenue.
With many of the properties, the lawsuit not only seeks the properties in question, but any and all personal property located at those properties.
The lawsuit also lists other parties that have pending claims against Moales’ and his church including at least a half-dozen construction contractors, HOP Energy LC, the Community Bank of Bridgeport and the State of Connecticut’s Department of Revenue Services.
Check back for more on this breaking story, although lots of details can be found in earlier Wait, What? posts including the following: $1 million in public funds for Bridgeport BOE Chair’s family – without a vote, Wait, What? Bridgeport Board of Education scheduled to approve $1 million for Moales Daycare facilities despite foreclosure threat, Is Bridgeport Board of Education Chairman Kenneth Moales, Jr.’s financial empire collapsing?, Silence from Finch as his campaign treasurer embarrasses himself and his allies, NEWS FLASH: “It is not a conflict” says Malloy school board appointee whose family “wins” half a million dollar contract.
And Surprise: Bridgeport Board of Education votes 5-3 to ask Pryor to waive Paul Vallas’ Certification, Bridgeport Board of Education Committee votes 3-2 to undermine our nation’s democratic traditions.