Source of Yu funds remain a mystery | The Augusta Chronicle

11
May

Source of Yu funds remain a mystery | The Augusta Chronicle

ATLANTA — The source of funds that U.S. House candidate Eugene Yu has funneled into his campaign remain a mystery, and his campaign is not returning requests for comment.

Yu, who is in second place in the Repub­lican race in the 12th District according to the latest poll, had loaned his campaign more than $736,000 as of April 30. But he did not list that much in liquid assets on his personal financial disclosure, and the income from his investments are a fraction of that amount.

After declaring bankruptcy in 2007, he might not be the model applicant for a bank, although he did list bank mortgages on his home and an Atlanta condo. The residence already had a second mortgage before he started his Senate campaign and later switched to the U.S. House race in the 12th District.
“I hope that Mr. Yu will operate with full disclosure and explain how he was able to loan his campaign over $700,000,” said William Perry, the executive director of the government-watchdog advocacy Common Cause of Georgia.

Source of Yu funds remain a mystery | The Augusta Chronicle.

Comments ( 0 )