Santa Monica, CA — Over the weekend, Governor Jerry Brown signed legislation merging two water districts to benefit Five Point Holdings, builder of a massive new development called Newhall Ranch in northern L.A. County. Kathleen Brown, the governor’s sister, sits on the board and was paid $122,667 in 2016, according to a Five Point prospectus filed with the SEC.
Every day, we have been scanning Governor Jerry Brown’s legislative updates. So far, he hasn’t signed SB 634, a bill with the innocuous, sleepy-sounding name of “Santa Clarita Valley Water Agency.”
The bill is anything but innocuous and sleepy.
We thought the days of bills benefitting just one company were over. They aren’t, and this one benefits not just developer Five Point Holdings, but Kathleen Brown, Jerry’s little sister.
Santa Monica, CA -- Sempra shareholders have profited wildly from the favorable decisions taken by Jerry Brown’s appointees since the Governor was elected, and his sister Kathleen Brown, a Sempra board member, has made more than $1 million in cash and stock since joining the board four years ago, Consumer Watchdog said today in a new report.
