Invoice Essayli is a Trump-appointed U.S. Lawyer in California and he’s investigating the billions upon billions of {dollars} the state has spent in an effort to fight homelessness.
California nonetheless has a large homeless drawback, regardless of all of this spending. There are additionally lots of people who’ve made a ton of cash supposedly preventing this drawback which by no means goes away and solely retains rising.
All of this positively warrants an investigation.
Essayli introduced immediately that there have already been two associated arrests.
NBC News in Los Angeles studies:
2 LA males charged with fraud in misuse of public funds meant for combating homelessness
Two Los Angeles-area males confronted federal prices in separate legal instances as they’re each accused of fraudulently buying public funds that had been allotted to deal with homelessness and construct inexpensive housing, the Division of Justice (DOJ) introduced Thursday.
Cody Holmes of Beverly Hills was in custody as of Thursday after he allegedly used pretend financial institution data to obtain practically $26 million from the California Division of Housing and Group Improvement (HCD) for Shangri-La Industries LLC, for which he beforehand served as a CFO.
The cash from Challenge Homekey was supposed for use to construct inexpensive housing in Thousand Oaks, however as a substitute, Holmes, 31, spent the cash to pay bank card payments and buy good at luxurious retailers, the DOJ alleged.
“Regardless that the developer acquired all the cash from the state, the developer didn’t full the development of the Thousand Oaks undertaking,” Performing U.S. Lawyer Invoice Essayli stated throughout a information convention Thursday. “Basically, he stole the cash.”
Watch the video under:
BREAKING: In a bombshell revelation, US Lawyer Invoice Essayli simply uncovered that California Democrat officers oversaw MASSIVE homelessness fund fraud
It has resulted in MILLIONS of {dollars} price of fraudulent spending.
“Billions of California tax {dollars} supposed to unravel… pic.twitter.com/rIN9uMVJlF
— Eric Daugherty (@EricLDaugh) October 16, 2025
Within the tweet under, Essayli says:
California has spent billions of taxpayer {dollars} to fight its homelessness disaster with little or no to point out for it. Six months in the past, I introduced the Homelessness Fraud and Corruption Activity Pressure. At the moment, we start to carry folks accountable by asserting two instances the place greater than $50 million of homelessness funding was fraudulently acquire.
Federal brokers this morning arrested Cody Holmes, the previous CFO of Shangri-La Industries, and a grand jury yesterday indicted actual property developer
Steven Taylor, each of whom are charged with fraud in separate instances. Holmes allegedly siphoned public funds for homelessness and used thousands and thousands of {dollars} for his personal use. Taylor is accused of mendacity to banks to fraudulently acquire loans, together with a Cheviot Hills property he flipped and bought to a homeless housing developer for greater than double the unique buy value.
California has spent billions of taxpayer {dollars} to fight its homelessness disaster with little or no to point out for it. Six months in the past, I introduced the Homelessness Fraud and Corruption Activity Pressure. At the moment, we start to carry folks accountable by asserting two instances the place greater than… pic.twitter.com/jUFpLhBmsZ
— Performing U.S. Lawyer Invoice Essayli (@USAttyEssayli) October 16, 2025
He’s clearly taking this challenge very critically. It’s about time somebody seemed into this. People who find themselves supposedly preventing homelessness shouldn’t be capable of change into rich whereas the issue solely will get worse. It reeks of fraud.
