CLEVELAND — A former mayoral candidate and local entrepreneur owes hundreds of thousands of dollars to Huntington Bank, court records show.
Tony Madalone apparently owes more than $260,000 stemming from two loans from Huntington to finance his businesses: Fresh Brewed Tees, Fresh Brewed Coffee, and Nine Fourteen Clayton Inc. A lien was filed in Cuyahoga County Common Pleas Court against Madalone in June and a receiver was appointed a month later, according to the court docket.
In addition, Madalone apparently claimed to have money in an account with PNC Bank, and a garnishment notice was issued to the company. However, no PNC account in Madalone's name was found.
Madalone ran for Mayor of Cleveland as a Republican in 2017, placing sixth with 4.6% of the vote in the primary while Mayor Frank G. Jackson went on to win the general election. He has been more well known, however, for his "Fresh Brewed" businesses in t-shirt wear and coffee. However, while the Fresh Brewed Tees website remains active, its brick-and-mortar store in Ohio City has been permanently closed, along with Fresh Brewed Coffee on Jay Avenue.
When a fake online obituary about Madalone was brought to 3News' attention this past Monday, we reached him by cell phone. Madalone claimed to be in Mexico with his mother. 3News reached out to Madalone again today after receiving court documents supporting claims that he defaulted on business loans, and he declined to comment.
Disclosure: WKYC has previously paid Madalone for participating in a marketing project.