Just like he has done so many times in the past- from various projects to an aborted run for former Congressman Tom DeLay's vacated seat, to his marriage of 30 years- Wallace is walking away from Wallace-Bajjali and its ongoing projects in Joplin and Amarillo, Texas.
Wallace announced his resignation in a letter issued today. At this point, it appears Wallace did not send the letter to the city of Joplin since it is dated January 7. (Update: The city of Joplin received the letter today.)
The purpose of this letter is to inform you, that effective immediately, I hereby resign from any
and all capacity of officer, manager, director, advisor, consultant, agent, etc. for each of the
Furthermore, to the extent that I am presently an authorized signer on any bank account in the
name of any of the attached entities, I would hereby demand that I be removed immediately as
an authorized signer on such account.
Finally, I have removed a number of articles which represent my personal belongings from the
Sugar Land office, however, there are a number of files (electronic and paper) which are mine
and I will make arrangements to retrieve them in the near future. Until I remove them, I would
demand that they not be destroyed or altered in any way.
The letter listed more than 70 companies he was cutting all contact with, all of which were offshoots of his various development projects, and many of which have been the subject of lawsuits and bankruptcies that have been detailed in the Turner Report over the past couple of years.
One of those was Wallace-Bajjali Development Partners, the city of Joplin's master developer, which has yet to get one project started, though it was hired by the city nearly three years ago and went through millions of dollars.