Seems like the former Republican Congressman has a problem when it comes to paying his debt.
Gary Franks’ rise was meteoric, from a three-family house on Camp Terrace to a real estate millionaire, from naive local alderman to Connecticut’s first black Republican in the U.S. House.
Today, Franks cannot be found.
After losing a Senate bid in 1998, this charming hometown hero withdrew from Waterbury, leaving a discreet trail of foreclosures, betrayed friends and debts exceeding $100,000 in three states. Those who knew him say there is much more private debt that can’t be documented.