California has become the most corrupt state in the nation, usurping Illinois, New York, and Pennsylvania when it comes to kickbacks and political pay-to-play schemes. A recent thread on X demonstrates one of the various ways the Democrat hellhole is potentially laundering taxpayer funds, this time through the “homelessness” debacle.
X user @5149jamesli uncovered a huge scandal that we discussed on today’s episode of The JD Rucker Show.
🚨 I may have uncovered a MASSIVE scandal in CA.
Gavin Newsom claims $24B for homelessness went "missing".
Well, I found evidence of CA officials possibly, allegedly, embezzling hundreds of millions, if not billions of dollars through a sketchy Cayman Islands group! 🧐
🧵1/ pic.twitter.com/glUUMnLbZR
— James Li (@5149jamesli) December 20, 2024
3/ What kinds of "unprecedented investments" you might ask?
Well, this is where things start to get sketchy.
Enter Todd Gloria, the Mayor of San Diego, who has been on a tear — making housing deal after housing deal — which he claims will "address homelessness." pic.twitter.com/YVmJj4EOJn
— James Li (@5149jamesli) December 20, 2024
5/ But here is where things gets even sketchier.
There is one investment group that pops up over and over again in all these city housing deals — the Chelsea Investment Corporation. pic.twitter.com/yOZP4hY1U3
— James Li (@5149jamesli) December 20, 2024
7/ You ready for a real doozy?
Property records of their HQ address shows:
– 2016: Sold for $3.5M, $3.15M financed.
– 2023: Another transaction for an "undisclosed price," but $68M financed.The kicker, the lender is the SD Housing Authority.
Not suspicious at all… 🤨 pic.twitter.com/KFhh7rrYoB
— James Li (@5149jamesli) December 20, 2024
9/ One thing we do know: When Todd Gloria the chair of the San Diego's Budget and Finance Committee, records show the the Founder and then CEO of Chelsea Investment Corp. was a major donor to Gloria's campaign.
Quid Pro Quo? 🤔 pic.twitter.com/IuPqoATxPs
— James Li (@5149jamesli) December 20, 2024
11/ Final thoughts:
1) This is just the tip of the iceberg in the search for billions of "missing" dollars.
2) Legacy media have failed — it’s up to independent journalists to uncover the truth.
Big thanks to @AssyrianAngel28 and @Melissa_in_CA for their help!
— James Li (@5149jamesli) December 20, 2024
We’ll hopefully get some updates as soon as possible.
Great job surfacing this, James Li!
"Commiefornia Corruption Exposed as 'Homelessness' Funds May Have Been Laundered" pic.twitter.com/G6bVHMWjSr
— JD Rucker (@JDRucker) December 20, 2024
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