Video: Jacob Turk on Rep. Cleaver’s $1.35 Mil Bank Default – “Where Did Our Money Go?”

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At today’s tea party rally on the Plaza in Kansas City, I had a chance to ask conservative Republican, Jacob Turk, who’s running for Congressman Emanuel Cleaver’s seat in District 5, MO about Cleaver’s bank default with the Bank of America.

As I reported, here and here, the Bank of America’s lawsuit against the Democratic congressman seeks $1.5 million in principal, interest and late fees for his loan for a car wash he bought in 2002.

Jacob Turk said Cleaver, who is the Leader of the Congressional Black Caucus, and a member of the Progressive Caucus,  turned the SBA loan into the “Cleaver Grant Program”. Turk is calling for an investigation because Cleaver has neglected to list the loan on his financial disclosure form, and further asked, where did our money go – $1.35 million dollars on a car wash that is only worth $250,000?

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8 thoughts on “Video: Jacob Turk on Rep. Cleaver’s $1.35 Mil Bank Default – “Where Did Our Money Go?””

  2. First of all Cleaver listed what the rules mandate that he list. tHE CARWASH IS LISTED! Second of all Jacob has to FIRST GET THE REPUBLICAN NOMINATION WHICH WILL NOT BE EASY SINCE THEY FIGURE HE ALREADY LOST TO CLEAVER THREE TIMES.

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  3. How do you like being on the hook for cost his failed business venture? Or do you not pay taxes so it doesn’t matter to you?
    And you think he won’t win the nomination because he has too much name recognition?

    It doesn’t work that way….

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  4. The Anonymous comment that Cleaver followed the rules is misinformed. Here is what liabilities need to be listed. Cleaver received a loan worth over $10,000, he was required to list it and did not.

    “Liabilities include loans, credit card debt and mortgages on properties that produce income. Congress members and top officials in the executive branch must report liabilities that total more than $10,000 at any time.during the calendar year. They must mark on their disclosure form the range of values that includes the greatest amount owed during that period.”

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