Federal indictments have been handed down in association with a shady land deal involving the Housing Authority of Winston-Salem:
Arrest warrants were issued for Reid Lawrence, the former director of HAWS; Ernie Pitt, the former chairman of the HAWS board; and Tom Trollinger, who was a partner with Pitt in East Pointe Developers LLC, the company involved in the land deal.
……The charges stem from a land deal completed in 2003 in which East Pointe Developers bought 23 lots in the Lansing Ridge subdivision for $285,000, then sold them to the housing authority’s nonprofit wing two days later for $414,000 — a 45 percent return.
Basically looks like a land-flipping deal at taxpayers’ expense.
