Minnesota Jobs Coalition Calls on John Huot to Come Clean About Questionable Financial Statements
St. Paul, MN – Minnesota Jobs Coalition Chairman Kevin Magnuson today called on Democrat John Huot to come forward with a detailed explanation of his past financials issues.
“Apple Valley, Coates and Rosemount residents deserve an honest explanation from John Hout,” said Minnesota Jobs Coalition Chairman Kevin Magnuson. “Huot’s claims that his 14 years of liens were caused by a failed business he owned 20 years ago simply do not add up. When did Huot’s flower shop close? How did its closure affect his personal finances through 2008? If the flower shop closed 20 years ago as Mr. Huot claims, how was it possible that its business taxes caused personal tax liens a decade later? Mr. Huot’s explanation left Minnesotans with more questions than answers – questions that he should clear up immediately.”
John Huot’s History of Financial Issues:
- 6/23/94: $6,225, State tax lien
- 7/13/94: $4,785, Traders Edge Inc.
- 9/1/94: $70, Minnesota Valley Electric Coop
- 10/31/94: $2,822, Greenleaf Wholesale Flowers Inc.
- 12/9/94: $6,903, state tax lien
- 4/7/95: $2,979, Household Finance Corp.
- 4/28/95: Bankruptcy
- 5/8/95: $576, State tax lien
- 7/11/03: $1,242, Federal tax lien (3/25/05, release date)
- 7/11/03: $8,297, Federal tax lien (10/31/12, release date)
- 3/28/06: Foreclosure
- 6/6/06: Undisclosed amount, Bloomfield Single Family Association
- 4/1/08: $5,484, Federal tax lien (7/7/11, release date)
- 4/1/08: $2,150, Federal tax lien (7/7/11, release date)
Huot’s Sketchy Explanation:
‘We ended up closing the business down and we had this tax debt,’ Huot told the Pioneer Press. He said they had thought his business taxes had been taken care of but discovered, when revenue officials came knocking, that they were not. He said he has since paid up what he owns. ‘This is my error. I take total accountability for this…As a business owner you have to own it, and I do.'” (Rachel Stassen-Berger, “Minnesota House candidate’s lack of timely tax payments become issue,” Pioneer Press,Oct. 3, 2016)