Newspaper article The Florida Times Union

Family Business Income Not in Jordan Disclosures Pay from 2 Companies Lumped Together, He Says

Newspaper article The Florida Times Union

Family Business Income Not in Jordan Disclosures Pay from 2 Companies Lumped Together, He Says

Article excerpt

Duval County School Board member Stan Jordan has not listed

income from a family business on his state financial-disclosure

form, records show.

The business, Sterling Chemical Co., is at the center of a

lawsuit in which Jordan and his sister accuse each other of

misusing company funds.

But throughout Jordan's 11-1/2-year tenure on the School Board,

he has not listed income from the company on disclosure forms

that public officials must file annually with the Secretary of

State's Office.

He and his sister, Pamela Jordan Kemp, are the only partners in

Sterling Chemical, which had nearly $552,000 in sales from 1990

through 1994, court records show.

Jordan said information about his income from Sterling Chemical

is not listed on the disclosure forms because he included it

with income from another company he owns, Sterling Co. Also, he

said he was not required to file the information for four years

in which Sterling Chemical had losses or little income.

Jordan said he would be willing to show income from the two

companies separately on disclosure forms, though his total

income would remain the same. In 1994, the last year for which

records are available, Jordan's disclosure form indicated he

made $25,478 from Sterling Co.

"There is a rule called `no harm, no foul,' " he said.

The fact that Sterling Chemical and Sterling Co. are separate

businesses, however, is a key issue in the lawsuit between

Jordan and Kemp. Kemp argues, in part, that Sterling Co. and a

third company headed by Jordan's wife have failed to pay rent

and other expenses to Sterling Chemical.

The companies operate out of the same office and warehouse on

Jacksonville's Eastside. Sterling Chemical manufactures ink;

Sterling Co. deals in heat-recovery systems, court papers said. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.