Former U.S. Rep. Tim Mahoney in need of stimulus
Tags: divorce, florida, sex, terry mahoney, Tim Mahoney
| Friday 3 April 2009 11:25 am
Like the federal government he once was a member of, former U.S. Congressman Tim Mahoney is running in the deep red.
Mahoney, 52, can’t cover his daily bills these days, according to a fresh batch of paperwork filed in a Palm Beach County court in connection with his divorce case.
The former Democratic representative, whose district stretched from Palm Beach to St. Lucie counties and across Florida, claims he makes $4,341 a month as a business adviser while his expenses are $10,851. He runs a $6,510 deficit each month.
Almost half of his expenses, his financial statement shows, are for the couple’s Palm Beach Gardens home, a barn and 5 acres on 114th Court in the western confines of Palm Beach Gardens, a condo in Canada and 30 acres in Oklahoma.
Don’t shed a tear for the man with the numerous mistresses, though. Even if he’s worth less than what the popular wisdom would have you believe — he once was a venture capitalist — Mahoney isn’t poor.
Loading ...
He has $1.68 million to his name — even if his wife of 23 years, Terry Mahoney, stands to be handed half of it once the divorce is final.
According to her financial statement in the divorce, the 57-year-old declares no income, with household expenses of $3,379 a month. Other expenses she listed include about $2,200 a month for her horse.
Among his assets, Tim Mahoney lists about $1.1 million in stocks and bonds.
And he says he now owns a business advisory company, Caribou LLC. State records list his home address as the company’s headquarters and list no other partners.
The Mahoneys have made a habit not to comment publicly about the divorce. Neither of their attorneys returned calls.
Then a rookie U.S. Representative, Mahoney ran for re-election last year but lost to attorney Tom Rooney, a Republican, when news leaked that Mahoney paid off a former aide to keep her quiet about their affair. He later admitted to numerous indiscretions.
[...] here to find out [...]
Dear Sirs :
He will be back in his feet .
Money goes up and down .
After his divorce Tim could put his life together again and build his banking account once again.
I believe Tim did had large volume of money before but in recent time he is little cash flow problems.
Thanks,
Escalada
Pompano Beach ,Fl
Don’t believe for a second that this is an accurate picture of Mahoney’s finances. Everybody knows that when money is being contested in the courts, you always try to show a deficit with the hope that you will have to give less to the other party. Duhhh.
Two words: prenuptial agreement!
Follow the money trail and you will find most your answers to all questions.
[...] is the divorced Mahoney is now seriously hooked up with Roden — but then this little tale below makes you [...]
[...] Former U.S. Rep. Tim Mahoney in need of stimulus | Jose Lambiet’s Like the federal government he once was a member of, former U.S. Congressman Tim Mahoney is running in the deep red. Mahoney, 52, can’t cover his daily … Mahoney, 52, can’t cover his daily bills these days, according to a fresh batch of paperwork filed in a Palm Beach County court in connection with his divorce case. [...]