Tarkanian Faces Potential Bankruptcy Over Bond Payment

By Julie Sobel  //  August 14, 2012 | 3:26 p.m.

Not the best message for a congressional candidate: Nevada's 4th District GOP nominee Danny Tarkanian's lawyers said the candidate will go bankrupt if forced to post a bond in a court case. The Las Vegas Sun:

In a court filing Monday, congressional hopeful Danny Tarkanian argued that he and his family are "incapable" of obtaining a bond against a $17 million judgment and that it would "lead to financial insolvency."

A federal judge in California will now have to decide whether to impose the bond requirement -- some experts say it could be as much as $3 million -- on Tarkanian and his family as he appeals the judgment, which came down in May.

"Should the FDIC be allowed to execute on its improper judgment, the Defendants will endure wrongful and significant harm," Tarkanian's lawyers wrote in the filing, which I have posted at right. "They will not only be deprived of their assets but also possibly forced into bankruptcy."

In a March press release touting Tarkanian's advancement to their "On the Radar" program, the National Republican Congressional Committee said that Tarkanian "would help bring Washington Democrats' spending addiction under control and help get America back to work."

Tarkanian also ran into controversy Monday regarding his Democratic opponent Steven Horsford. The Las Vegas Sun:

In an attempt to inoculate himself after his comments about relating to African-Americans against a black opponent in comments to the RJ's editorial board, congressional hopeful Danny Tarkanian may have gone a little too far last week to a GOP club.

"We could be like Steven Horsford who's not doing anything with that community and, you know, pretend we're black and maybe try to get some votes if that's where it is," he said. "You know, it's that extent that they've gone to."

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