Posted on 03/27/2024 2:38:41 PM PDT by dynachrome
Embattled Los Angeles developer Shangri-La Industries, which has left a trail of unpaid debts, unfinished projects and foreclosure threats since it took $114 million from the state to convert motels into housing for the homeless, is now accusing its former chief financial officer of embezzling millions of dollars to fund an extravagant lifestyle.
Shangri-La, which is being sued by state housing authorities for breaching the terms of its agreement under Gov. Gavin Newsom’s signature Project Homekey program, alleges in a lawsuit that former CFO Cody Holmes, 29, engaged in bank fraud and check kiting in 2022 and 2023 with Shangri-La’s lenders, banks and brokers.
The suit, filed last month in Los Angeles Superior Court, seeks more than $40 million in damages and other costs.
Holmes, according to the lawsuit, allegedly transferred vast sums of company cash and property to bank accounts and shell companies he set up and controlled and to his suspected ex-girlfriend, Madeline Witt, 28, who is a defendant in the lawsuit.
(Excerpt) Read more at dailybulletin.com ...
Doesn't look like he wasted it....
“Embattled LA developer accuses its financial chief of looting millions intended for homeless housing”
Oh, something tells me that they were TOTALLY AWARE of the graft, and may well have been part of it.
His whore got some lips as well…
a 29-year -old CFO? Must have been on the fast track.
“… and even $12,000 to cover a student loan payment, the lawsuit alleges.”
If he’d just waited a little,SloJo would have covered that.
Hunter Biden was his mentor?
Golf ball.
Garden hose.
L
Shelf lips. Total turn-off. She must have an Only-Fans site.
I wonder how one can look oneself in the mirror after showing your butthole for money.
Answer: the crooked, shady kind of hundred million dollar project...
But would Laz hit it? 🤪
That's some crazy talk, right there.
...and of course I'd hit it. Often, lengthwise, and repeatedly.
What? Corruption in l.a.? Tied to state funded homeless project? Surprise. Not.
Prop 1...recently passed in March elections to pay for homeless habitation....was sponsored by building contractor and state affiliation. Was on their TV ads...
These officials want homeless on the streets. They get funding to build stuff...then get kickbacks from construction firms. Grifting off the homeless/mentally ill/drug addict human wrecks.
Nice looking girl.(AI?)..could possibly steal you blind...give ya’ incurable cooties...you’ll be there, luxuriating in the delta of priapic heaven...on your way to the poor house and/or morgue with a short lasting smile. And she’ll be laughin’ at ya’.
I’d wager that Laz would hit it so hard, she’be living in next week.She also would immediately become an honest woman IMHO.
Not likely.
She would be worshipping in the hall of phallic monuments, discovering finally what the purpose of her own womanhood truly is.
That’s what happens when FReepers use the LAZ approach.
Everything is sculpted.
These programs are always a con job.
Yes.
$114 million....
Joe: Darn, think of the Big Guy percentage on that. Why can’t you get into that racket, Hunter? Diversify like they say in those Forbes articles I read by the pool.
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