Saturday, October 15, 2011 – 04:00 p.m.
Last Modified: Sunday, October 16, 2011 – 09:20 p.m.
San Bernardino County’s pension fund has killed no-bid contracts for two politically-connected consultants.
On October 6, the newly-revamped Board of Trustees for the San Bernardino County Employees Retirement Association (SBCERA) nixed contracts for Orange County-Based Delta Partners LLC and Sacramento-based lobbying firm Platinum Advisors.
Delta Partners is owned and operated by political operative David Ellis. Ellis is currently a consultant and advisor to San Bernardino County Sheriff Rod Hoops and San Bernardino County District Attorney Mike Ramos.
Former State Assemblyman Brett J. Granlund is the player behind the contract awarded to Platinum Advisors.
Granlund, a republican, formerly represented Eastern San Bernardino County’s 65th Assembly District and is a close friend to Ellis Ramos and Hoops.
Platinum is owned by influential democratic lobbyist and businessman Darius Anderson.
Anderson also owns Gold Bridge Capital.
The two consulting contracts centered around the creation of Pacific Public Partners (PPP).
PPP was created, through special legislation secured by Platinum, to manage money dedicated to fund other post employment retirement benefit obligations of other government agencies and jurisdictions.
Delta Partners was to handle the marketing aspect of the scheme.
No serious interest was ever shown in the half-baked conception. A fact contributing to the idea’s demise.
Sources say the concept of a county retirement association marketing it’s investment services to other jurisdictions, which are also members in the California Public Employees Retirement System (CALPERS), seemed rather odd to many.
At this point the only entities to reap any financial benefit from the whole idea is Delta and Platinum.
Both firms were paid hundreds of thousands of dollars for their part of the failed venture.