Re: Fraud in California
[Re: airforce]
#183070
02/08/2026 04:53 PM
02/08/2026 04:53 PM
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airforce
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Inside the "Shangri-La" homeless scam.Far too long to post her here in full, follow the link. Here's a short snippet: ...In October, federal agents arrested Cody Holmes, the 31-year-old former CFO of Shangri-La Industries, a downtown Los Angeles-based developer who was supposed to be providing housing for homeless people in Southern California. First Assistant U.S. Attorney Bill Essayli for the Central District of California, a Trump appointee, charged him with mail fraud.
[b]Holmes, who pleaded not guilty, is accused of embezzling more than $2 million in taxpayer funds slated for homeless housing construction to host extravagant parties; a $46,000-per-month Beverly Hills mansion; private jet travel; leases of exotic cars; high-end handbags totaling $128,000; a $35,000 diamond watch; and 20 VIP passes for the 2023 Coachella Music and Arts Festival.
Meanwhile, Shangri-La Industries executives showered Newsom and Los Angeles County Democrats with political donations as they were applying for some $100 million in state contracts that the CFO later allegedly looted to fund his and his ex-girlfriend’s lavish lifestyle.
Even after federal prosecutors exposed the massive fraud, Newsom and L.A. Democrats haven’t severed ties with the embattled developer and have kept political donations from the firm’s executives. Newsom has also allowed the construction firm to continue to tout his endorsement on its social media....
Holmes allegedly defrauded the California Department of Housing and Community Development by submitting fabricated bank accounts in its applications for state contracts to build homeless housing. Acting on behalf of Shangri-La, Holmes allegedly falsified $160 million in assets controlled by Shangri-La and its affiliates to demonstrate that the firm had liquid funds to contribute to the construction projects, according to court documents.... Onward and upward, airforce
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Re: Fraud in California
[Re: airforce]
#183303
03/18/2026 11:33 PM
03/18/2026 11:33 PM
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Joined: Jan 2002
Posts: 25,924
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airforce
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Nick Shirley need money to hire private security. Some people, it seems, don't like him. How much would you like to bet they're Democrats?
Onward and upward,
airforce
Last edited by airforce; 03/18/2026 11:49 PM.
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Re: Fraud in California
[Re: airforce]
#183320
03/22/2026 07:48 PM
03/22/2026 07:48 PM
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Joined: Jan 2002
Posts: 25,924
Tulsa
airforce
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Posts: 25,924
Tulsa
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Onward and upward,
airforce
Last edited by airforce; 03/22/2026 08:01 PM.
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