… million in homelessness funds were fraudulently obtained — marking the first major cases from the new Homelessness Fraud and Corruption Task Force.BREAKING: Federal agents have arrested Cody Holmes, former CFO of Shangri-La Industries, and indicted real estate developer Steven Taylor — both accused of multi-million dollar fraud tied to California’s homelessness programs.
— Matthew Seedorff (@MattSeedorff) October 16, 2025
U.S. Attorney @USAttyEssayli says more than $50…
Officials allege Holmes siphoned public funds for personal use, while Taylor is accused of lying to banks and flipping a Cheviot Hills property for double its price to a homeless housing developer.
Essayli says the arrests are “an important first step” in holding those misusing homelessness dollars accountable — with more investigations underway.
🚨BREAKING: U.S. Attorney General Bill Essayli announces California Democrats mishandled MILLIONS of Federal Tax Dollars meant for Homeless housing.
— The Patriot Oasis™ (@ThePatriotOasis) October 16, 2025
One guy used $2.1 MILLION to pay his American Express Credit Card pic.twitter.com/t6x8PwWVLH
… building in 2023 from an alleged criminal developer who just bought it months prior for $11m. Feds say $16m inflation in the scheme.NEW: Feds just announced former CA Democratic state senator's non-profit is linked to an alleged $27m scheme using homeless housing funds.
— Matt Finn (@MattFinnFNC) October 16, 2025
Former state Senator Kevin Murray is the CEO of "Weingart" -- which the Feds say used $27 million in homeless dollars to purchase a…
The seller, L.A. developer Steven Taylor, was arrested and indicted for fraudulently acquiring the building and selling it to Weingart in a scheme.
Murray was not charged or named but the Feds say the non-profit he's a CEO of is part of an active investigation.
No comments:
Post a Comment