Sen. Ed Worley (D-Richmond) got caught with his hand in the cookie jar, again.
Worley failed to disclose several banking relationships on his 2006 Statement of Financial Disclosure that all state legislators and candidates are required to file honestly.
On a tip from a reader, I spent about ten minutes in the Madison county courthouse yesterday verifying the existence of a $1.3 million loan Worley has with Citizens Bank of Cumberland County that he didn't disclose. The mortgage is on property in Madison county. Another hidden financial arrangement was a $900,000 loan with Cumberland Valley National Bank And Trust Company. The Madison county property purchased with this loan is the same land that is part of a federal racketeering lawsuit filed against Worley. I found other loans. Combined, there were about $10 million in hidden financial arrangements.
The purpose of financial disclosure forms for legislators is to keep potential conflicts of interest out in the open. I have no idea how many others are out there that I did not find. What else is Worley trying to hide? I have heard that he has hidden interest in one or more racetracks in Kentucky. How might that affect his vote on expanded gambling?
There are a lot more questions here than answers, but I did file a Legislative Ethics complaint against Sen. Worley yesterday. Maybe that will help shine a little light on some of Worley's activities. Of course, he will complain that this is just some kind of political attack, but the facts are what they are. The time for spinning and damage control are past. We need answers.
He might claim that he forgot to mention the $10 million in loans. I don't know, Senator, will it be better to claim an eight figure "oops" with several different banks as you ask the voters to trust you with their money for another four years, or are you ready to come clean about your financial dealings?
This could get pretty interesting.
