Jun 6, 2012 12:19 AM by Zach Thaxton
Leading up to the June 26 primary election in Colorado, we're putting several prominent campaign advertisements through a Truth Check for News 5 at 10:00. The first Truth Check features an advertisement by the Doug Lamborn for Congress campaign, targeting his challenger in the Republican primary in the 5th Congressional District, Robert Blaha.
The ad, called "The Blaha Bailout," is paid for and approved by the Lamborn campaign. Since Blaha is new to politics and doesn't have a political record, the ad goes after his record as a businessman, saying it's one of "scandal and corruption."
The ad says that "under Blaha's leadership, USA Boxing, in three years, went from a $600,000 surplus to a $1.7 million deficit." This is true, but there's more. Blaha was a member of the USA Boxing Board of Directors from 2006 to 2010 at a time when the organization went from surplus to record deficit. However, it was USA Boxing's revolving door of Executive Directors who bore the brunt of the responsibility for the dire financial straits. In 2010, Blaha and other members of the board hired a new CEO who has since cut the deficit by 80 percent.
The ad says Blaha "has yet to explain his record of three IRS tax liens at a Nebraska company that exceeded $80,000." This is false. Blaha did serve on the Board of Directors of a Nebraska event-organizing business that was served with IRS tax liens, but the liens were levied against the company's founder after the company shut down in 2010. The founder didn't tell Blaha about the liens until just last month and apologized to him for any confusion. The liens were not on Blaha's record.
The ad says Blaha has yet to "explain co-founding a bank fined by the FDIC." This is true. Integrity Bank & Trust was fined a civil penalty of $3,500 last year for "inaccurate collection and reporting of loan application data for the 2008 and 2009 calendar years." It stemmed from a clerical error by a bank employee.
The commercial says Blaha has yet to "explain founding companies delinquent by Colorado for failing to file annual business reports." This is true, but there's more. The Secretary of State's office recently told The Denver Post that delinquencies for failing to file a business report are commonplace and are basically a "self-proclamation of existence." Late filings can lead to delinquency marks, but can be brought back into good standing by simply filing a periodic report.