City Employees Using Connections to Buy and Flip Units

CBS 4 reports on local government employees abusing insider information to strategically acquire affordable housing units for profit. Ethics aside, it makes sense to use insider information to make a profit. The problem is, in government, ethics can’t be put aside as one would mashed potatoes during dinner. Mayor Manny Diaz’s former campaign manager has been caught in the mix along with several others. In some cases, City employees made six figure profits. It isn’t surprising to see that this latest problem is coming from the shady and improperly regulated affordable housing sector.


Leave a comment

Filed under News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s