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Bradley Brown charged in connection with misusing $6M in federal funds meant for a stalled Baton Rouge affordable housing project.
Bradley Brown, 35, owner of KMT Holdings and Development LLC, has been charged with multiple financial crimes including felony theft, bank fraud, money laundering, and filing false public records related to the stalled $11 million "Housing for Heroes" affordable housing project in Baton Rouge.
Prosecutors allege he misappropriated city funds, defrauded three banks of over $1.2 million, and made false statements in government documents.
The project, approved for $6 million in American Rescue Plan Act funds in 2021, has not begun construction, with less than $1 million disbursed.
A federal investigation is ongoing, and Mayor-President Sid Edwards has paused all work, implementing new safeguards for future projects.
Bradley Brown acusado en conexión con el uso indebido de $6 millones en fondos federales destinados a un proyecto de vivienda asequible en Baton Rouge.