In debt $15 million, running out of options, a federal judge has ruled Rev. Ken Moales has until January 7 to pack up and vacate his East End church and associated properties.
From Dan Tepfer, CT Post:
A federal judge ruled Monday that Moales, pastor of the Prayer Tabernacle Church of Love and Cathedral of the Holy Spirit, has run out of time on his request to remain in the church while he appeals its foreclosure by his bank, Foundation Capital Resources.
“I conclude that Prayer Tabernacle has not established grounds to warrant a stay pending appeal. It does not have a likelihood of success and probably lacks standing even to maintain the claims it proposes to advance on appeal,” said U.S. District Judge Jeffrey Meyer.
Moales had requested a stay of Meyer’s previous foreclosure order while he appealed it to the U.S. Second Circuit Court of Appeals.
“An appeal to the Second Circuit ordinarily takes at least a year and often more time than that to be decided,” Meyer stated. “In my view, the church has not satisfied the well-established legal and equitable requirements that govern whether to grant a stay for the entire duration of an appeal.”
Full story here.