The director of a Los Angeles-based charity is accused of stealing a minimum of $10 million from a trove of money that was meant to assist the homeless.
The U.S. Division of Justice says 42-year-old Ample Blessings CEO Alexander Soofer acquired greater than $23 million in homeless housing funds between 2018 and 2025.
However he allegedly used an enormous chunk of the money to purchase a $7 million home in Westwood, a $125,000 Vary Rover, non-public college tuition for his kids, non-public jet journey and stays at luxurious resorts.
Federal fees embrace wire fraud, with as much as 20 years if convicted. State fees add 11 counts of battle of curiosity, two counts of providing false proof and 5 counts of forgery.
First Assistant United States Legal professional Invoice Essayli says the arrest highlights a renewed give attention to fraud in California.
“California is the poster little one of rampant fraud, waste, and abuse of tax {dollars}. The state has facilitated the spending of billions of {dollars} to fight homelessness, with little to point out for it and nearly no oversight.
Fortunately, the federal authorities has begun auditing California’s spending and right this moment’s is only one instance of how fraudsters have swindled thousands and thousands of {dollars} from taxpayers. This cash ought to have gone to these in want, as an alternative in traces the pockets of people subsidizing their lavish way of life.”
Comply with us on X, Fb and Telegram
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Worth Motion
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any belongings together with cryptocurrencies, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
