Forums before death by AOL, social media and spammers... "We can't have nice things"
|    seattle.politics    |    Whats happening in the land of Nirvana    |    102,158 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 101,895 of 102,158    |
|    Colon Powell to All    |
|    Re: Inside a secretive $27M property dea    |
|    22 Jan 26 08:39:35    |
      XPost: sac.politics, talk.politics.guns, alt.law-enforcement       XPost: or.politics, ca.politics       From: Colon.Powell@tutanato.com              On 1/22/2026 5:34 AM, a425couple wrote:       > On 1/22/26 02:39, Pelosi Goes To prison wrote:       >> Even in L.A.’s famously overheated real estate market, the profit — and       >> quick turnaround — on a senior housing complex in the Cheviot Hills       >> neighborhood seemed extraordinary.       >>       >> The man at the center of the deal, since identified by federal       >> prosecutors as Brentwood landlord and developer Steven Taylor, bought       >> the property on Shelby Drive in 2023 for $11.2 million, purchase records       >> show.       >       > This is interesting and informative about more blue state fraud.       > Thank you for posting it              Ditto. This comment on the 2026 Davos gathering seems somewhat apropos:                     "Davos is always brilliant, the richest people in the world get together       and listen to academic talks with titles like 'Do Poor People Really       Need ALL Their Organs?'”              https://off-guardian.org/2026/01/20/lets-talk-about-davos-2026/              >>       >> He wasn’t planning to hold on to the complex for long. At the time of       >> his purchase, a company owned by Taylor already was in escrow to sell       >> the complex to Weingart Center, a major homeless housing provider, for       >> more than double what he paid, according to a purchase agreement       >> obtained through a public records request.       >>       >> The $27.3 million to pay for that acquisition came from taxpayer grant       >> funds authorized by city and state officials, according to grant       >> documentation. L.A. Mayor Karen Bass and Gov. Gavin Newsom touted the       >> purchase as a key tool in the fight against homelessness.       >>       >> The deal called for Taylor’s involvement to be kept secret, according to       >> a confidentiality clause included in the purchase contract obtained       >> through a public records request.       >>       >> That changed last month, when federal authorities announced criminal       >> charges against Taylor. He’s accused of submitting fraudulent documents       >> to borrow money from private lenders when he bought this and other       >> properties.       >>       >> At a news conference, the region’s top federal prosecutor, Bill Essayli,       >> said the investigation is ongoing.       >>       >> Taylor was arrested in August, when the case was under seal, and pleaded       >> not guilty, court records show. It’s the first of the two known criminal       >> cases brought so far by the federal task force Essayli assembled in       >> April to investigate fraud and corruption around the use of billions of       >> dollars earmarked to combat homelessness in Southern California.       >>       >> Essayli announced the task force after a court-ordered review and a       >> federal audit found city and state officials have failed to properly       >> track homeless funds and protect against fraud.       >>       >> Taylor and his attorney, Michael Freedman, have not responded to LAist’s       >> phone messages for comment.       >>       >> LAist’s review of the Cheviot Hills property deal found the purchase       >> stands out not just for its high price tag but for the complexity and       >> secrecy surrounding it.       >>       >> The records reviewed by LAist show:       >>       >> A purchase agreement shows Taylor was in escrow to buy the property when       >> city and state officials agreed to use taxpayer funds to buy it from him       >> for $27 million.       >>       >> Weingart Center’s application for state funding included an appraisal       >> report containing inaccurate information about who owned the property       >> and did not mention the pending sale.       >>       >> L.A. Mayor Karen Bass’ office had a “big role” in the city’s process       >> that recommended this property and two others for the government grants,       >> according to an email from a top executive at the city housing       >> department.       >> A Weingart Center leader said the property, now known as Weingart       >> Shelby, isn’t expected to open until next year, despite the grant       >> originally requiring it to be fully occupied by February 2025.       >>       >> Bass’ office did not answer questions regarding the purchase. In a       >> statement to LAist, the mayor’s office said the Shelby site “remains an       >> important property providing interim housing in an area of the city that       >> has extremely limited interim housing supply” and that the city is       >> cooperating with the ongoing federal investigation.       >>       >> Weingart Center’s longtime president and CEO, Kevin Murray, whose       >> signature is on the purchase deal, has not responded to LAist’s requests       >> for comment. He previously told the L.A. Times he had “no prior       >> relationship with the seller and no continuing relationship” and that       >> taxpayers paid fair market price.       >>       >> Murray and Weingart Center’s chief of real estate development, Ben       >> Rosen, have been placed on leave, according to news reports last month.       >> Rosen also has not responded to LAist’s requests for comment.       >>       >> The nonprofit’s board has elevated Chief Operating Officer Tonja Boykin       >> to lead Weingart Center and has commissioned an outside investigation, a       >> spokesperson for the nonprofit told LAist.       >>       >> “In light of recent reporting raising questions concerning the valuation       >> of certain homeless housing projects, we have retained an outside law       >> firm to conduct an internal review of related subjects,” said the       >> statement from spokesperson Stefan Friedman.       >>       >> This summer, city leaders in Torrance publicly raised concerns that the       >> group was massively overpaying for a hotel property under another round       >> of state homelessness grants.       >>       >> An LAist review also found Weingart Center has received more than $100       >> million from taxpayers despite failing to comply with audit requirements       >> since 2022. The latest available audit, of the fiscal year ending April       >> 2023, concluded the organization had multiple failures in tracking       >> taxpayer money it was handling.       >>       >> Weingart Center’s spokesperson said the group remains committed to       >> addressing homelessness, including serving almost 2,000 people daily       >> through interim and permanent supportive housing sites across L.A.       >>       >> https://laist.com/news/housing-homelessness/secretive-27-million-property       >> -deal-to-add-homeless-beds-now-under-federal-investigation       >>       >                     --       "Having a hatred for ICE and President Trump can take you from stupid to       domestic terrorist to dead in a matter of seconds."              "Title 8, U.S.C. § 1324(a) defines several distinct offenses related to              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca