Monday, July 18, 2011

Another defeat for the Red Handed League

     You’ll recall that one of Tom Fuentes’ “Red handed league,” former OC Treasurer Chriss Street, lost a lawsuit last March that left him owing $7 million to the group he defrauded. Well, Street has pursued a lawsuit against the victors, but that hasn’t gone so well for the pious fellow.
     Today, the OC Reg (Court throws out Chriss Street’s $40 million suit) reports that
A Delaware bankruptcy judge refused to let former Orange County Treasurer-Tax Collector Chriss Street pursue a $40 million lawsuit against the same people who won a $7 millionjudgment against him last March.....
     Concerning the earlier litigations, the Reg reminds us that,
Within days after U.S. Bankruptcy Judge Richard Neiter imposed the judgment, county supervisors stripped Street of his authority to invest county money.
     Street's political career was already dead. Now it's seriously dead.
     Just like Red Handed Leaguer John Williams’ political career.

● California Watch Investigative Journalism Nonprofit Setting Up Shop at Orange County Register (Naval Gazing)

● Public pension systems hit investment jackpot (OC Reg)

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