Invoice Essayli is a Trump-appointed U.S. Legal professional 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 downside, regardless of all of this spending. There are additionally lots of people who’ve made a ton of cash supposedly combating this downside which by no means goes away and solely retains rising.
All of this totally warrants an investigation.
Essayli introduced right this moment that there have already been two associated arrests.
NBC News in Los Angeles stories:
2 LA males charged with fraud in misuse of public funds meant for combating homelessness
Two Los Angeles-area males confronted federal fees in separate prison circumstances as they’re each accused of fraudulently buying public funds that had been allotted to handle homelessness and construct reasonably priced 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 information to obtain almost $26 million from the California Division of Housing and Neighborhood Growth (HCD) for Shangri-La Industries LLC, for which he beforehand served as a CFO.
The cash from Venture Homekey was supposed for use to construct reasonably priced 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.
“Despite the fact that the developer acquired all the cash from the state, the developer didn’t full the development of the Thousand Oaks challenge,” Appearing U.S. Legal professional Invoice Essayli mentioned throughout a information convention Thursday. “Primarily, he stole the cash.”
Watch the video under:
BREAKING: In a bombshell revelation, US Legal professional Invoice Essayli simply uncovered that California Democrat officers oversaw MASSIVE homelessness fund fraud
It has resulted in MILLIONS of {dollars} value of fraudulent spending.
“Billions of California tax {dollars} meant 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 Power. At present, we start to carry folks accountable by saying two circumstances the place greater than $50 million of homelessness funding was fraudulently get hold of.
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 circumstances. 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 get hold of loans, together with a Cheviot Hills property he flipped and bought to a homeless housing developer for greater than double the unique buy worth.
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 Power. At present, we start to carry folks accountable by saying two circumstances the place greater than… pic.twitter.com/jUFpLhBmsZ
— Appearing U.S. Legal professional Invoice Essayli (@USAttyEssayli) October 16, 2025
He’s clearly taking this subject very critically. It’s about time somebody appeared into this. People who find themselves supposedly combating homelessness shouldn’t be in a position to grow to be rich whereas the issue solely will get worse. It reeks of fraud.
