$27M Flip Exposed In Los Angeles Housing SCAM
December 25, 2025
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0:57Now Playing$27M Flip Exposed In Los Angeles Housing SCAM
YouTube Description
as posted by the channelA $27.3 million HomeKey grant intended for senior housing in Los Angeles may have been misused in a shocking real estate flip. Developer Steven Taylor allegedly used fake bank statements to buy a 76-unit complex for $11.2 million, then flipped it for $6.1 million, while keeping the deal secret. Mayor Karen Bass reportedly approved the contract that kept Taylor anonymous, leaving taxpayers on the hook. This exposes how grant money meant for the vulnerable can be exploited in shady deals.
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Host: Ana Kasparian
Panel: Lindy Li, Christina Bobb, Janel Baez
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