Candidate takes out second mortgage, intentionally misleads voters ahead of critical deadline
July 19, 2018
[Madison, WI] — Kelda Roys – a candidate running for governor who is best known for pretending to be gay during her run for Congress in 2012 – took out a second mortgage days before the finance report deadline to artificially inflate her fundraising totals. Roys had been bragging that she had the most money in the Democrat field but failed to note she had to mortgage her own home to achieve that. Honesty has been a consistent problem for Roys – even liberal U.S. Rep. Mark Pocan refused to say she was authentic.
Check out coverage of Kelda Roys’ phony fundraising numbers here or read excerpts below.
Trailing badly in polls, Dem guv candidate Kelda Roys tapped $235,000 home equity loan
Milwaukee Journal Sentinel
July 18, 2018
Former state Rep. Kelda Roys apparently is betting her house — or at least some of the equity in it — on winning the Democratic gubernatorial contest.
Records show Roys, one of eight Democrats vying to take on GOP Gov. Scott Walker, took out a $235,000 home equity loan on her Madison house on June 25. Roys reported donating a total of $255,000 to her campaign five days later, helping to boost her fundraising totals.
But Roys declined to say whether the money from the home equity line of credit went into her campaign fund.
This huge infusion of cash from a home equity loan is extremely risky given her poor showing in the Marquette University Law School Poll released Wednesday. She tied for sixth, gaining the support of only 3% of those planning to vote in the Democratic primary.
Alec Zimmerman, spokesman for the state GOP, accused Roys of tapping the home equity loan to “artificially inflate” her fundraising numbers.
“Roys is misleading voters and clinging to anything she can find to remain relevant in this race,” Zimmerman said. “This is nothing more than smoke and mirrors.”
The records check also showed that she had a $597 tax warrant issued against her from the state of New York in 2005. She paid off the sum a year later while living in Madison.
Roys said the warrant was issued because of a calculating error made by a New York real estate firm for whom she worked as an independent contractor while in college. When she learned of the mistake, she said she paid the amount promptly.
Read the full story here.