Is this the end for O.C. Treasurer-Tax Collector Chriss Street?


O.C. Supervisor John Moorlach gave us O.C. Treasurer-Tax Collector Chriss Street and appointed Sheriff Sandra Hutchens

I thought it was a bit odd when I got a message yesterday that Chriss Street wanted to talk to me.  So I called him and we had a nice chat about the scumbag that is Brett Barbre.

Today Street’s world came crumbling down as a judge ruled that “Orange County Treasurer- Tax Collector Chriss Street breached his fiduciary duty five years ago when he served as a trustee for a bankrupt truck-trailer company,” according to the O.C. Register.

And the news gets worse for Street.  “U.S. Bankruptcy Judge Richard M. Neiter ordered Street to pay more than $7 million in damages in the case. Attorneys for Fruehauf’s End of the Road Trust had asked for Street to pay $11.9 million in damages. “

Street’s reelection campaign website asks voters to “”Re-elect the name you can trust.”  I am not sure, today, that many folks trust Street anymore.

Even former O.C. Treasurer John Moorlach is calling on Street to resign.  Moorlach is also asking his supporters to vote for Shari Freidenrich to replace Street.  She is the elected Treasurer in the City of Huntington Beach.

Street says he gave a lot of value to the bankrupt truck-trailer company that he serves as a trustee.  That is debatable, and the federal judge in question certainly disagreed with the notion.

Street also cost the County of Orange about eight million dollars, after losing a bet on a risky security, according to the O.C. Register.

Street told me the other night that he was the one who first predicted the trouble that Bob Citron got into when he bankrupted the County of Orange.  That may be the case, but Moorlach got the credit – and today, Moorlach has a lot of influence.  That Moorlach is calling on Street to resign is a very big deal, considering that Moorlach picked Street to succed him as O.C. Treasurer-Tax Collector.

I have a feeling that Moorlach is going to get burned for supporting appointed Sheriff Sandra Hutchens too…

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