Amistad Debt Detailed in Editorial
December 5, 2014
A recent editorial in The Day newspaper calls for the replica tall ship Amistad to continue operations in New London, despite financial mismanagement that ran up a debt of over $2 million.
According to The Day, the debt is owed to more than 50 groups, and does not include $404,000 in auditing fees, unpaid payroll taxes and debts incurred by Ocean Classroom Foundation on behalf of Amistad America. Among the creditors are Mystic Seaport, which says it is owed more than $45,000 for work and services; Bank of America, which says it is owed $282,000; and former Capt. Sean Bercaw, who says he is owed $43,884 for 14 months of missing wages.
Read the full editorial on the Amistad here.