{"id":198685,"date":"2025-10-21T10:52:11","date_gmt":"2025-10-21T17:52:11","guid":{"rendered":"https:\/\/www.canyon-news.com\/?p=198685"},"modified":"2025-10-21T10:52:11","modified_gmt":"2025-10-21T17:52:11","slug":"developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants","status":"publish","type":"post","link":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/","title":{"rendered":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants"},"content":{"rendered":"\r\n<p>BEVERLY HILLS\u2014On Monday, October 13, Federal prosecutors announced that charges would be brought against two men living in the Westside of Los Angeles for engaging in financial crimes and misuse of public funds. That includes misusing grants that are available through California&#8217;s Homekey program to create housing for homeless residents.<br \/><br \/>Cody Holmes, who lives in Beverly Hills, was arrested by federal agents on charges of submitting fake financial records when he was the chief financial officer of Shangri-La Industries. This company builds affordable housing projects in downtown Los Angeles. In addition, it has been alleged that he submitted fake bank balance sheets and bank records, enabling the company to receive 26 million dollars from the California Department of Housing and Community Development through the Homekey Program. Furthermore, these records claim Shangri-La Industries possessed over $160 million in assets, but the federal agents allege none of them existed.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>BEVERLY HILLS\u2014On Monday, October 13, Federal prosecutors announced that charges would be brought against two men living in the Westside of Los Angeles for engaging in financial crimes and misuse of public funds. That includes misusing grants that are available through California&#8217;s Homekey program to create housing for homeless residents. Cody Holmes, who lives in [&hellip;]<\/p>\n","protected":false},"author":673,"featured_media":158553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-198685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-beverly-hills"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News<\/title>\n<meta name=\"description\" content=\"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News\" \/>\n<meta property=\"og:description\" content=\"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\" \/>\n<meta property=\"og:site_name\" content=\"Canyon News\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/canyon.news.la\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-21T17:52:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1770\" \/>\n\t<meta property=\"og:image:height\" content=\"1184\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Daniel Diquinzio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@canyonnews90210\" \/>\n<meta name=\"twitter:site\" content=\"@canyonnews90210\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel Diquinzio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\"},\"author\":{\"name\":\"Daniel Diquinzio\",\"@id\":\"https:\/\/www.canyon-news.com\/#\/schema\/person\/96a2d62d50e348f5180d087fa5209278\"},\"headline\":\"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants\",\"datePublished\":\"2025-10-21T17:52:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/www.canyon-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg\",\"articleSection\":[\"Beverly Hills\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\",\"url\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\",\"name\":\"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News\",\"isPartOf\":{\"@id\":\"https:\/\/www.canyon-news.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg\",\"datePublished\":\"2025-10-21T17:52:11+00:00\",\"description\":\"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings\",\"breadcrumb\":{\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage\",\"url\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg\",\"contentUrl\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg\",\"width\":1770,\"height\":1184,\"caption\":\"The famous Beverly Hills sign.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.canyon-news.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.canyon-news.com\/#website\",\"url\":\"https:\/\/www.canyon-news.com\/\",\"name\":\"Canyon News\",\"description\":\"We print the truth... Can you handle it?\",\"publisher\":{\"@id\":\"https:\/\/www.canyon-news.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.canyon-news.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.canyon-news.com\/#organization\",\"name\":\"Canyon News\",\"url\":\"https:\/\/www.canyon-news.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.canyon-news.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2023\/04\/shutterstock_1635360139.jpg\",\"contentUrl\":\"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2023\/04\/shutterstock_1635360139.jpg\",\"width\":1000,\"height\":492,\"caption\":\"Canyon News\"},\"image\":{\"@id\":\"https:\/\/www.canyon-news.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"http:\/\/www.facebook.com\/canyon.news.la\",\"https:\/\/x.com\/canyonnews90210\",\"http:\/\/www.instagram.com\/canyonnews90210\",\"https:\/\/www.youtube.com\/channel\/UCB5xiUSNm2dHvlsi65UVd-w\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.canyon-news.com\/#\/schema\/person\/96a2d62d50e348f5180d087fa5209278\",\"name\":\"Daniel Diquinzio\",\"url\":\"https:\/\/www.canyon-news.com\/author\/ddiquinzio\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News","description":"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/","og_locale":"en_US","og_type":"article","og_title":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News","og_description":"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings","og_url":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/","og_site_name":"Canyon News","article_publisher":"http:\/\/www.facebook.com\/canyon.news.la","article_published_time":"2025-10-21T17:52:11+00:00","og_image":[{"width":1770,"height":1184,"url":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg","type":"image\/jpeg"}],"author":"Daniel Diquinzio","twitter_card":"summary_large_image","twitter_creator":"@canyonnews90210","twitter_site":"@canyonnews90210","twitter_misc":{"Written by":"Daniel Diquinzio","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#article","isPartOf":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/"},"author":{"name":"Daniel Diquinzio","@id":"https:\/\/www.canyon-news.com\/#\/schema\/person\/96a2d62d50e348f5180d087fa5209278"},"headline":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants","datePublished":"2025-10-21T17:52:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/"},"wordCount":156,"publisher":{"@id":"https:\/\/www.canyon-news.com\/#organization"},"image":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg","articleSection":["Beverly Hills"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/","url":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/","name":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants - Canyon News","isPartOf":{"@id":"https:\/\/www.canyon-news.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage"},"image":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg","datePublished":"2025-10-21T17:52:11+00:00","description":"Newsroom is open 24 hours, please reach us by email at info@canyon-news.com or by phone Monday through Friday 9-5. You can place DBA (Fictitious Business Name Statement) orders online by clicking on the link Legal Filings","breadcrumb":{"@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#primaryimage","url":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg","contentUrl":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2022\/05\/david-vives-PJYEChXor5A-unsplash-4.jpg","width":1770,"height":1184,"caption":"The famous Beverly Hills sign."},{"@type":"BreadcrumbList","@id":"https:\/\/www.canyon-news.com\/developers-accused-of-financial-crimes-and-of-misusing-project-homekey-grants\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.canyon-news.com\/"},{"@type":"ListItem","position":2,"name":"Developers Accused Of Financial Crimes And Of Misusing Project Homekey Grants"}]},{"@type":"WebSite","@id":"https:\/\/www.canyon-news.com\/#website","url":"https:\/\/www.canyon-news.com\/","name":"Canyon News","description":"We print the truth... Can you handle it?","publisher":{"@id":"https:\/\/www.canyon-news.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.canyon-news.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.canyon-news.com\/#organization","name":"Canyon News","url":"https:\/\/www.canyon-news.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.canyon-news.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2023\/04\/shutterstock_1635360139.jpg","contentUrl":"https:\/\/www.canyon-news.com\/wp-content\/uploads\/2023\/04\/shutterstock_1635360139.jpg","width":1000,"height":492,"caption":"Canyon News"},"image":{"@id":"https:\/\/www.canyon-news.com\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/canyon.news.la","https:\/\/x.com\/canyonnews90210","http:\/\/www.instagram.com\/canyonnews90210","https:\/\/www.youtube.com\/channel\/UCB5xiUSNm2dHvlsi65UVd-w"]},{"@type":"Person","@id":"https:\/\/www.canyon-news.com\/#\/schema\/person\/96a2d62d50e348f5180d087fa5209278","name":"Daniel Diquinzio","url":"https:\/\/www.canyon-news.com\/author\/ddiquinzio\/"}]}},"_links":{"self":[{"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/posts\/198685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/users\/673"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/comments?post=198685"}],"version-history":[{"count":4,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/posts\/198685\/revisions"}],"predecessor-version":[{"id":198800,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/posts\/198685\/revisions\/198800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/media\/158553"}],"wp:attachment":[{"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/media?parent=198685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/categories?post=198685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canyon-news.com\/wp-json\/wp\/v2\/tags?post=198685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}