“The decision is clear for Nevada County District Attorney Clifford Newell: He needs to step down,” according to the Sacramento Bee.
“He is hip-deep in legal and financial quicksand because of his own involvement, however unwittingly, in a “hard money” lending scam. With his appalling lack of discretion, he has irreparably damaged his ability to administer fair and impartial justice for those he is sworn to serve, too many of whom have been victimized by hard money brokers.
“A yearlong investigation by The Bee’s Robert Lewis and Charles Piller found that Newell, trying to keep his summer camp going, borrowed $2.4 million from two hard money lenders – real estate brokers who pool money from investors seeking high rates of return, then lend the cash at high interest rates to developers and others who can’t get a conventional loan from a bank or savings and loan.”
The rest of the editorial is here.
Newell will not step down. His involvement in the hard-money loans has been well known before the Bee’s “yearlong investigation.” But I wonder if The Bee will get some subscriptions from our right-wing reitrees at The Union’s expense. It’s a tough time for newspapers.
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