LOS ANGELES – Mayor Karen Bass today issued the following statement:
“Today we learned that a private developer has been arrested and charged in a complex scheme to defraud lenders across Los Angeles and Ventura Counties. One of the alleged fraudulent schemes involved real estate in West L.A. that was acquired to provide housing for elderly Angelenos experiencing homelessness. My administration has zero tolerance for corruption – period. We’re working with the U.S. Attorney’s office to ensure that anyone who engages in fraud against the city will face the full force of the law and my administration’s unwavering commitment to accountability.”