Saturday, September 30, 2006

Sometimes nepotism doesn't pay

Kanjo nephews’ business bankrupt

A research and development company headed by the nephews of U.S. Rep. Paul Kanjorski and the recipient of millions of dollars in federal funding has filed for bankruptcy....The company, whose address is listed as a South Franklin Street building co-owned by the congressman, filed for protection from creditors under Chapter 7 bankruptcy on Tuesday in U.S. Bankruptcy Court for the Middle District of Pennsylvania.

A call to the congressman was not returned.

The 11th term Democrat from Nanticoke has said he helped insert in the federal budget some of the more than $9 million in funding that went to Cornerstone and a sister company, Pennsylvania Micronics.
In August 2003 Cornerstone moved out of a building it leased in Plains Township and transferred equipment and materials to the basement parking garage of a Nanticoke bowling alley.

1 comment:

Anonymous said...

from the end of the times leader article "He added that Cornerstone has neither the money to pay attorneys to continue to represent it in the suits nor to pay any awards sought by plaintiffs.

“There’s nothing that could ever satisfy it,” Doran said."

How about selling the equipment in Nanticoke.