Democrat Withdraws From CFO Race After Bankruptcy Filings Revealed

TALLAHASSEE, Fla. (AP) — Central Florida Urban League President Allie Braswell Jr. has quit his campaign to become the state’s chief financial officer after it was revealed he has filed for bankruptcy three times.

Braswell sent out a press release early Monday withdrawing from the race, four days after he joined it.

After he announced his candidacy, The Florida Times-Union reported Braswell had filed for bankruptcy three times in two states. The latest was filed in 2008 and showed he had $509,000 in liabilities with only $324,000 in assets. He then defaulted on a payment plan.

Braswell had never run for political office. He held management positions with Walt Disney World for seven years before being named to lead the Central Florida Urban League in 2010. He also served 13 years in the Marines.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From CBS Tampa

Man Who Killed Wife, Put Photo on Facebook to be SentencedA South Florida man who fatally shot his wife and posted a photo of her body on Facebook could be sentenced to life in prison.
A Gearhead Embraces An Electric Car. Really.Car zealots are a unique bunch. The Ford people make fun of the Chevy people, the Chevy people love to tell the Ford people that their cars are Found On Road Dead and everyone makes fun of the Honda kids because of how they wear those sideways hats and because of VTEC, yo.

Listen Live