Oh, yes, there's more of course. So much for that good 'ole "personal responsibilty" that the GOP touts as the cornerstone of their party members' values.
Schrenko Cited Heavy Debts
2003 bankruptcy filing came after alleged theft
By JAMES SALZER
The Atlanta Journal-Constitution
Published on: 11/16/04
Court records show Schrenko, the former state school superintendent, and her then-husband, Frank, filed for bankruptcy Oct. 27, 2003, listing little in the way of assets except their Grovetown home. Frank and Linda Schrenko have since divorced, and she now lives in nearby Martinez, an Augusta suburb.
In total, the couple listed $232,644 in liabilities and $172,615 in assets, of which their home accounted for $150,000. Schrenko, who was a longtime teacher and served as state superintendent from 1995 to 2003, listed a state pension of about $48,000 a year.
Schrenko, who in 1994 became the first woman elected to partisan statewide office, was released on $40,000 bail Monday after surrendering to federal authorities. She was indicted last week on charges she conspired with her former chief deputy, Merle Temple of Evans, and Alpharetta computer consultant A. Stephan Botes to steal money purportedly designated to help Georgia's two state schools for the deaf and the governor's honor's program.
About $250,000 was diverted to Schrenko's failed campaign for governor in 2002, according to federal authorities.
Federal authorities say Schrenko filed false campaign disclosure reports to cover up the scheme. Campaign finance records indicate she repaid a $250,000 campaign loan to Regions Bank about three weeks after authorities say more than $500,000 in federal education funds were signed over to companies controlled by Botes.
The indictment also says Temple spent $9,300 of the money to pay for Schrenko's cosmetic surgery.
Her lawyer, Pete Theodocion of Augusta, said Schrenko suffers from physical problems from an auto accident, and her bankruptcy shows several debts to doctors and hospitals. Among them is a $10,000 to a "Dr. Cooper." Her daughter, Katherine Cooper, is a dentist whose practice is located at the address listed on the filing.
Another $30,000 is owed in loans from Household Finance in Augusta and SunTrust Bank.
The biggest debts were on credit cards, according to the bankruptcy records. American Express is listed as being owed $6,727. BB&T was owed another $47,622 in credit card debt; BP Amoco $1,429; Discover $274; Macy's $1,087; MBNA $391; and SunTrust $10,703, according to the filing.
Collection agencies are listed as trying to recoup more than $20,000, with some of the debt being owed to retail companies, including Sears.