This coming Tuesday, Reverend Kenneth Moales Jr. is hoping that the voters of the 23rd State Senate District will come out and make him Connecticut’s newest State Senator in the Special Election.
However among the various clouds that hang over his head is the unanswered question of what happened to all the missing money.
Reverend Moales brags that he is a millionaire.
And maybe he is.
The member (and former chairman) of the Bridgeport Board of Education sends his children to some of the most elite and expensive private schools in Connecticut; Fairfield College Preparatory School, Fairfield Country Day School and Ridgefield Academy.
Together, the tuition for those three schools exceeds $90,000 a year.
At that rate, putting three, let alone four, kids through private school until college would cost in excess of $3.2 million.
But at the same time Moales hasn’t been paying his bills.
For example, he hasn’t been paying Foundation Capital Resources, the mortgage company that provided him with more than $7.3 million to build his Cathedral of the Holy Spirit.
Moales owes another $225,000 to Bridgeport’s now defunct The Community Bank and as much as $500,000 or more to a variety of vendors, as well as, to the City of Bridgeport and the State of Connecticut for back taxes.
Moales’ other troubles include being caught twice in the last few years driving two different unregistered automobiles that are “owned” by his Church, a Cadillac Escalade and a Mercedes Benz.
According to court records, Kenneth Moales borrowed more than $7 million from Foundation Capital Resources promising in return to build a multifaceted Cathedral and community center.
However what is sitting at 689 Union Avenue and called the Cathedral of the Holy Spirit is but a portion of what he promised to build according to the original mortgage documents and the present building has never been valued at more than $4.8 million. It is presently assessed at only $3.4 million.
Moales once told the Connecticut Post that he was a pastor and a businessman, with degrees in both accounting and religion. He said he also runs a financial consulting business.
Moales added, “Our church is very strong financially, we have seen an increase in our membership and a 40 percent increase in our revenue.”
A millionaire, who is head of a financially strong church that has enjoyed a 40 percent increase in revenue, wants voters to support him in Tuesday’s Special State Senate Election.
There is still time for the Reverend Kenneth Moales Jr. to step forward and explain what happened to all the missing money and why he thinks it is appropriate to brag about his millions while he fails to pay his bills or follow the laws that apply to everyone else in our state.
Perhaps one of the local media outlets in Bridgeport would provide Mr. Moales with an opportunity to tell the truth about his financial affairs before Election Day.