U.S. Attorney Essayli called the cases “the tip of the iceberg,”. The investigations fall under a new task force to scrutinize California’s $24 billion homelessness spending

Federal authorities arrested a Beverly Hills man and charged a Brentwood resident Thursday in separate cases alleging the misuse of public funds intended to combat homelessness in Los Angeles. The actions mark the beginning of a broader probe into the allocation of billions in taxpayer money.

Cody Holmes, 31, former chief financial officer of Shangri-La Industries LLC, a downtown L.A.-based affordable housing developer, was arrested on a mail fraud charge. The felony carries a potential 20-year prison sentence. Holmes is accused of submitting falsified bank records and balance sheets to the California Department of H

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