Red County Publisher Accused of Fraud by SEC

[Ian David]

Red County Publisher Accused of Fraud by SEC
by: OC Progressive
Fri Apr 08, 2011 at 09:09:43 AM PDT

In another stunning blow to a reeling California Republican Party, Red County publisher Chip Hanlon was served with a harsh and detailed order by the SEC. The order alleges fraud and misrepresentation, with repeated failures to follow other orders to disclose hundreds of thousands of dollars in negative judgments. Hanlon's Delta Partners claimed over a billion dollars in assets under management, while the actual assets were below 25 million, and as low as nine million.

Red County grew from Matt Cunningham's local Red County blog in Orange County to be a major communication tool for Republicans, with a national edition, regional editions, and seven local versions just in California. The blog was considered important enough that Meg Whitman paid Red County $110,000 for Hanlon's services. Red County describes itself as among the most elite and powerful political websites in existence.

Hanlon is closely allied with existing Orange County Republicans like lobbyist and OCGOP chair Scott Baugh and lobbyist Curt Pringle. He has also been in step with rising leaders like Don Hansen in Huntington beach and Jim Righeimer in Costa Mesa.

More:
http://calitics.com/diary/13373/red-county-publisher-accused-of-fraud-by-sec

Hat-tip to: http://twitter.com/#!/jazgar/status/56399362552635392


http://www.orangejuiceblog.com/2009/07/red-county-republicans-started-a-blog-war-they-cannot-win/