Santa Ana mayor's house flip draws scrutiny

Santa Ana, Calif., Mayor Miguel Polido’s $200,000 profit on the sale of a home he bought from an auto parts retailer who then landed an exclusive $450,000-a-year city contract has the city attorney looking into whether the mayor had a conflict of interest, CBS Los Angeles reports.

Pulido says that in voting to approve the contract, he didn’t recognize the name of the business, which was a different legal entity than the family trust he bought the house from. Source: