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Next, Mayor Karen Bass appointed Ben Rosen, Director of Real Estate Development, to the same board at Kevin Murray’s request
(So now the homeless nonprofit CEO is telling mayor Karen Bass who else to appoint to be in charge of giving our homeless money, and she’s doing it)
Weingart raked in $100 million in just one year (It pays to be close with Karen Bass)
A big chunk of that money comes from California’s Homekey Initiative:
California has dumped nearly $4 billion into Homekey Initiative but:
- 71% of properties vacant
- Multiple fraud cases
- One developer charged $2M on his personal Amex for things like Coachella tickets
But instead of shutting it down, they expanded it with Homekey Plus.
Naturally the nonprofit friend of Karen Bass The Weingart Center wants some of that new money
Weingart wanted $37 million to turn a 122-room hotel into permanent housing.
They’d pocket $2+ million in developer fees and got a sweet deal with ongoing subsidies
Here’s where some fraud comes in
The property was valued at just $10M - 21M, not the $30M they wanted. They wanted to pocket $10 million dollars of taxpayer money
Luckily public backlash killed the deal, but that’s not where it ends
The Weingart Center tried to convert a Cheviot Hills nursing home using $26 million in Homekey funds.
Mayor Bass helped personally recommend it.
The developer? Stephen Taylor who’s now facing 9 felony charges for altering bank statements and lying to lenders while trying to flip the property for double the price.
Weingart signed the deal with a confidentiality clause.
The Weingart Center has repeatedly failed federal audit requirements… yet even after still, they still got a $9 million no-bid contract from Mayor Karen Bass (She’s clearly involved in the fraud)
Now The Weingart Center is likely getting $865,000 per apartment unit to build 3 skyscrapers, all paid for by taxpayers
Facilitated by Karen Bass
The money laundering never ends, LA has been doing this a lot lately, here’s a few more
- Restoration apartments: Bought in 2020 via Homekey for $5.3 million to create 80 units of recovery housing for the homeless. 6 years later it’s completely abandoned
- Shangri-La Industries got 26 million in Homekey grants, he bought luxury items, cars and trips
- In South LA a shelter operator with a $2.3 million city contract claimed 88 beds in court filings. A spot check revealed only 44 actual beds, the rest were empty platforms
The fraud in California never stops
https://x.com/WallStreetApes/status/2054414119965696199
WallStreetBets Memes @WSB_memes - Jensen ready to board AF1 in Alaska via /r/wallstreetbets #stonks #wallstreetbets
https://www.reddit.com/r/wallstreetbets/comments/1tbn4q3/jensen_ready_to_board_af1_in_alaska/
[ Removed by moderator ]
https://x.com/WSB_memes/status/2054415439510278464
Wall Street Mav @WallStreetMav - This is hilarious.
The commencement speaker had no idea how to handle the booing during her speech.
Quote:
John Loftus @JohnCFLoftus1
Video: A University of Central Florida commencement speaker was mercilessly booed after telling graduates that AI is the "next Industrial Revolution"
The grads cheered when she said, "Only a few years ago, AI was not a factor in our lives"
https://x.com/WallStreetMav/status/2054385052503462263
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