San Luis Obispo developer pleads guilty to conspiracy, admits bribery

September 16, 2024

Editor’s note: CalCoastNews is referring to developer Ryan Petetit, who changed his name to Ryan Wright during the case, as Ryan Petetit-Wright.

By KAREN VELIE

Developer Ryan Petetit-Wright has admitted conspiring with former San Luis Obispo County Supervisor Adam Hill and others to deprive local citizens of honest services through a pay-to-play scheme. His admission came in a plea agreement with Justice Department officials on Friday.

“The court vacates the trial in this matter as to this defendant only,” according to the minutes of the hearing.

FBI agents arrested Ryan Petetit-Wright on Oct. 30, 2023 on a three-count indictment charging him with conspiracy, falsification of records and obstruction of justice. Petetit-Wright and his partner John Belsher’s business, PB Companies, were alleged to have paid Hill nearly $100,000 in bribes and gifts.

A superseding indictment filed on Dec. 20, 2023, included 18 additional charges, including wire fraud, bank fraud and access device fraud. The additional counts related to a proposed development in Texas.

In June 2024, federal prosecutors informed Petetit-Wright “that it was likely that they would file additional tax charges along with additional access device fraud charges, bank fraud charges and money laundering charges,” according to court documents.

But, instead, a fourth federal prosecutor joined the case. He filed an in-camera interview and three documents under seal, not available to the public, in the past three weeks.

Petetit-Wright had pleaded not guilty last year. But, Friday, he appeared with his attorney Gerald Salseda in court. He waived his right to a trial, and pled guilty to one criminal count: conspiracy.

Petetit-Wright admitted that from approximately June 2014 until March 29, 2017, he and Hill engaged in a quid pro quo bribery scheme. Hill would use his “official position to help defendant secure approvals necessary for PB Companies’ real estate development projects,” the charge read.

Hill “would, among other things, advise and seek to influence other public officials, including city officials and individuals appointed to City of San Luis Obispo commissions, to perform official acts beneficial to PB Companies’ real estate development projects,” according to the plea agreement. “Defendant admits that his bribe payments to Hill were material acts; that is, they had a natural tendency to influence, or were capable of influencing, the county and its officials, the city and its officials, and the public.”

As part of the plea agreement, prosecutors are seeking a maximum sentence of five years in prison, three years supervised release, and restitution of between $1.5 and $1.9 million.

Petetit Wright agreed to be truthful at all times with the court, complete a financial disclosure statement, and admit to his crimes. As long as Petetit-Wright complies with the agreement, prosecutors will not charge him with other crimes including violations of criminal tax laws from 2018 through 2022.

Petetit-Wright remains detained at the Metropolitan Detention Center in Los Angeles.

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