Part 4/12:
The investigation is exposing not only mismanagement but also outright criminal activity. Recently, two individuals have been indicted by federal prosecutors for financial crimes related to homelessness funding:
- Cody Holmes of Beverly Hills was detained after allegedly using fake bank accounts to receive nearly $26 million from the California Department of Housing and Community Development, intended for a housing project that was never completed. Holmes is accused of outright theft, funneling the funds into personal accounts instead of project development.