As Oklahoma attorney general, Pruitt made $70,000 flipping a Tulsa property under questionable circu

As Oklahoma attorney general, Pruitt made $70,000 flipping a Tulsa property under questionable circumstances

In 2011, Pruitt and his wife, Margaret, bought a property in Tulsa, Oklahoma, just days before a court ruled that it had been fraudulently transferred by a Las Vegas developer who was on the hook for a $3.6 million loan default. Pruitt, who was then Oklahoma attorney general, apparently flipped the property for a $70,000 profit four months later, selling it to a dummy corporation set up by a major campaign contributor, Kevin Hern.

Hern, a successful Tulsa businessman and the finance chair of the Oklahoma Republican Party, has been a major donor to Pruitt and other Republican candidates in the state over the years. According to records on file with the Oklahoma Ethics Commission, Hern contributed $3,500 to Pruitt between 2010 and 2014, and has given a total of $33,625 to Oklahoma candidates since 2006.

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Four months later, on Dec. 22, 2011, Pruitt sold the property for $485,000 — a $70,000 profit — to a previously unknown company called KNJ Construction, LLC. That entity was set up by Kevin Hern two days before the sale and has been inactive ever since.

Evidence suggests that Pruitt planned the quick turnaround on the property in advance. On Sept. 1, 2011, about two weeks after the purchase, Pruitt and his wife took out a short-term, 15-month mortgage from Security Bank in Tulsa. Hern built a luxury house on the property after purchasing it from Pruitt, and sold it 18 months later for $1.7 million.


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