Fri 30 Jul 2010
Shawn Kohner is a candidate for the State Senate in Legislative District Four. He lists as his employer his father’s company, Equity Capital Group (ECG). According to their company website, Kohner “applies his business acumen for sound empirical data to the financial analysis and evaluation of prospective ECG investments.” So far so good. In fact, business must be pretty good because his father wrote a campaign contribution for $10,000, the bulk of the $16,000 Kohner had raised as of his June 30th report.
But things might not be so great after all. A quick look at the Maricopa County Recorder’s website shows a substantial unsatisfied judgment for over $24 million attributed to this ‘team’.
Is this the kind of “business acumen” and “sound…financial analysis and evaluation” we can expect from Kohner? After all, he represents to voters that he is skilled in this area and he wants voters to believe that he should be elected to bring sound fiscal management practices to the State’s budget. Was he responsible for this bad investment, which resulted in massive foreclosure, lawsuits and a court-ordered judgment?
And you have to wonder what their creditors feel like, waiting for payment while the family underwrites Shawn’s political adventure. We’re still at a loss why politicians with massive financial failings run for office on the basis of financial expertise? Shouldn’t they pay their judgment creditor’s first before trying to buy elected office for a family member?
Of course, when you consider that Kohner has now teamed up with Jack Harper, it starts to make more sense. Its rare to find a decent foreclosure/bankruptcy ticket running for office these days, but voters in LD4 have got one of their own. One website rich in all things Jack Harper, www.CrazyJackHarper.com, has published Harper’s Chapter 7 bankruptcy documents. Chapter 7 bankruptcy is also called “Fresh Start” bankruptcy, because one gets to zero out all of their liabilities, including tax liabilities to the state and federal government. How many of us wish we had the same luxury of not paying our taxes?
We don’t need to add to Arizona’s budget problems by electing people who cannot even balance their personal budgets or balance their business budgets. Judy Burges is a great conservative State Representative and she has been sending out team mail with former State Senator Scott Bundgaard. According to their mailers, they have both been endorsed by Sen. Russell Pearce and Sheriff Joe Arpaio, the current gold standard of endorsements in Arizona politics. So voters in LD4 do have an alternative to candidates whose record of personal financial failures disqualifies them in the minds of cautious voters.















