Newt Gingrich's $500 check bounces for Utah ballot

[Ichingcarpenter]

1. Gingrich think tank files for bankruptcy

Gingrich think tank files for bankruptcy


The filing shows the group owes 50-99 creditors between $1 and $10 million. It reported assets of less than $100,000.


The center's website was down on Thursday, but a cached version described the group as a "high-impact collaboration of private and public sector leaders committed to creating a 21st Century Intelligent Health System."

Gingrich, who has been struggling for months in the polls, ended his involvement with the center in May 2011, before becoming a candidate for president.
Stefan Passantino, general counsel to the campaign and former counsel to The Gingrich Group, said that "the company was extraordinary successful while he [Gingrich] was involved" and that the candidate provided excellent leadership.

"This in no way reflects on his ability to be a candidate or run a large organization. In fact it shows just the opposite, as it performed well under his leadership."

http://money.cnn.com/2012/04/05/news/economy/gingrich-group-bankruptcy/index.htm?iid=SF_E_River