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 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 totally warrants an investigation.
Essayli introduced at the 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 expenses 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 almost $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 Undertaking 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 obtained 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. “Basically, he stole the cash.”
Watch the video beneath:
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 resolve… pic.twitter.com/rIN9uMVJlF
— Eric Daugherty (@EricLDaugh) October 16, 2025
Within the tweet beneath, Essayli says:
California has spent billions of taxpayer {dollars} to fight its homelessness disaster with little or no to indicate for it. Six months in the past, I introduced the Homelessness Fraud and Corruption Activity Pressure. Immediately, we start to carry individuals accountable by asserting two instances 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 instances. Holmes allegedly siphoned public funds for homelessness and used tens of millions 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 indicate for it. Six months in the past, I introduced the Homelessness Fraud and Corruption Activity Pressure. Immediately, we start to carry individuals accountable by asserting two instances 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 significantly. It’s about time somebody regarded 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.
