News Update: Public Education Champion Diane Ravitch reports More on financial problems Ed. Chair Kenneth Moales, Jr. a- Wait, What?

News Update: More on financial problems facing Bridgeport Board of Ed. Chair Kenneth Moales, Jr. and his church - Wait, What?:

Warning! Warning! Alliance Districts Beware:

by jonpelto

Tomorrow, Connecticut’s poorest and most challenged school districts must submit their “Year 2 Alliance District Plans” to Commissioner Stefan Pryor and his loyal band of education reformers. If you are a student, parent, teacher or administrator in one of the following towns…you should be worried….very worried. The towns include: Ansonia, Bloomfield, Bridgeport, Bristol, Danbury, Derby, [...] (Read more...)

Public Education Champion Diane Ravitch reports on the latest news about Paul Vallas’ New Orleans Miracle

by jonpelto

There were countless incredible moments during the recent Bridgeport trial about Paul Vallas’ lack of qualifications to serve as Bridgeport’s superintendent of schools. First Vallas took the stand, bragging about his “accomplishments.”  Half of them were in the works long before Vallas ever hit town, while the other half explored that fine line between unbelievable [...] (Read more...)

News Update: More on financial problems facing Bridgeport Board of Ed. Chair Kenneth Moales, Jr. and his church

by jonpelto

More on the troubles facing Malloy, Finch, Pryor and Vallas ally Kenneth Moales Jr

On December 12, 2007, Kenneth Moales, Jr. and his Tabernacle Church of Love, Inc. borrowed $6,123,000 from Foundation Capital Resources, Inc. a Georgia company that loans money for the construction of fundamentalist churches.

As collateral for the loan, Moales and his church pledged 15 separate properties owned by the Prayer Tabernacle Church of Love, Inc.

On December 19, 2008, Moales and his church borrowed another $1,175,000 from the same lender.  The same properties were used to secure the 2^nd mortgage.

Four years later, in March 2012, the loan between Prayer Tabernacle of Love, Inc. and Foundation Capital Resources was modified to require Moales to pay the lender $10,000 per week for the first three Sundays of each month and $15,000 for the fourth Sunday of