California developer made $16 million dollars in 10 days by selling a property to a homeless NGO using fake bank statements and fake credit lines
— Wall Street Apes (@WallStreetApes) November 29, 2025
“Mayor Karen Bass office had a big role in recommending this property, but has refused to answer” questions
- State and Los Angeles… pic.twitter.com/PTXs3suKKg
California developer made $16 million dollars in 10 days by selling a property to a homeless NGO using fake bank statements and fake credit lines
“Mayor Karen Bass office had a big role in recommending this property, but has refused to answer” questions
- State and Los Angeles city officials used $27.3 million in taxpayer funds to buy a property a developer purchased for $11.2 million 10 days earlier
- That's a $16 million difference on a property held for 10 days
- One man is arrested on money laundering“The money trail is clear. California Homekey provided 22 plus million dollars. The city of LA added approximately five million dollars, plus fifteen million dollars more for renovations, totaling 42 plus million dollars in taxpayer funds. Mayor Karen Bass office had a big role in recommending this property, but has refused to answer Weingart's CEO, Kevin Murray, a former state senator, was placed on leave during an internal investigation. This is part of a federal crackdown.
The government launched a special task force investigating where $24 billion in California homeless funding has actually gone. Prosecutors say these arrests are just the beginning. Meanwhile, the Weingart Shelby project continues construction and is expected to open February 2026 over a year late despite the ongoing federal investigation. This matters because taxpayers committed $42 million to this single project for a property that sold for $11 million. That's $31 million in overpayment on one deal.”
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