Federal Authorities Charge Multiple Individuals in Los Angeles Homeless Funding Fraud Cases
In a significant crackdown on corruption, federal authorities have arrested a Beverly Hills man and charged a Brentwood resident in separate cases linked to the misuse of public funds intended for combating homelessness in Los Angeles. The Department of Justice has accused several real estate executives, including two men from Southern California, of allegedly misappropriating millions meant for homelessness programs. The investigations revealed that funds designated for affordable housing were instead diverted for personal luxuries, with allegations surfacing that one developer used the money to purchase high-end items such as Birkin bags and watches. A former CFO is also facing charges after being linked to the conversion of a motel into homeless housing, further complicating the ongoing scandal. This operation reflects a broader effort to address fraud and corruption in homelessness funding, underscoring the seriousness of the allegations against the involved parties.
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