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Two LA officials charged with stealing millions in housing relief funds meant for the homeless.
Two individuals in Los Angeles have been charged in federal cases involving fraud against affordable housing and homelessness relief funds.
Cody Holmes, a former CFO, is accused of using false records to obtain $26 million meant for Project Homekey, diverting the money to personal expenses without completing the project.
Steven Taylor, a developer and real estate agent, was charged with bank fraud, identity theft, and money laundering after allegedly flipping a property using public funds and selling it for more than double its value.
Both cases involve misuse of public money intended for vulnerable populations.
The FBI and U.S. Attorney’s office are investigating, and Mayor Karen Bass reaffirmed her administration’s “zero tolerance” stance on corruption.
Dos funcionarios de Los Ángeles acusados de robar millones en fondos de ayuda a la vivienda destinados a las personas sin hogar.