Two investment groups and a developer connected to Santa Ana Mayor Miguel Pulido were involved in a real estate flip in 2003 that resulted in the Santa Ana Unified School District paying nearly twice as much for a piece of land slated for an elementary school than it had previously offered. And in the process, the developer realized a more than $600,000 profit, according to the Voice of OC.
I wrote about that deal years ago on another blog. I am pretty sure that if someone tipped off the developer who flipped that land, Kris Kakkar, it was SAUSD Board Member Rob Richardson, who joined the SAUSD School Board in 2003, according to his bio. Richardson may have leaked details about the land transaction to a friend, such as Mayor Pulido, who in turn may very well have shared that info with Kakkar. Continue reading