A Los Angeles developer, based in Santa Monica, has filed a lawsuit against its former Chief Financial Officer (CFO), accusing the executive of embezzling millions of dollars. The funds, which were intended for low-income and homeless housing projects, were allegedly used by the CFO to finance a lavish lifestyle for himself and his ex-girlfriend, including the purchase of luxury cars, designer bags, jewelry, private jets, and a mansion in Beverly Hills. The case has garnered attention, highlighting concerns over the misuse of funds meant to address the city's homelessness crisis.
Homeless housing exec accused of embezzlement; bought luxury cars, vacations, jewelry. https://t.co/97U3v4F2Gt Click the image to read more:
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A lawsuit filed by a Los Angeles developer claims the company's former CFO embezzled millions of dollars designated for low-income housing projects, and instead used it to fund a lavish lifestyle for himself and his ex-girlfriend. https://t.co/lQtEuk9TXf https://t.co/1lKahqsBrt
It was money that was supposed to fund housing for the homeless. Instead, a lawsuit claims a former CFO for a SoCal developer embezzled millions to pay for cars, bags, jewelry, jets and a Beverly Hills mansion. The outrageous grift -Tonight at 11 from ABC7 https://t.co/32GoOsLqX5 https://t.co/aPOGZpknRC
Developer executive accused of embezzling funds intended to help homeless, spending them on luxury goods for himself and girlfriend https://t.co/lQtEuk9TXf
LA Affordable Housing Developer Accuses Former CFO of Embezzling Money #LosAngeles https://t.co/4FqpvMTktv
Embattled LA developer accuses its financial chief of looting millions intended for homeless housing https://t.co/cI7F9kFRzz via @ladailynews @houmanhemmati Santa Monica