Housing exec pleads guilty to bilking $23M in homelessness funds
A Los Angeles homelessness nonprofit executive is facing up to 20 years in federal prison after reportedly misusing public money to bankroll a lavish lifestyle. Alexander Soofer, 42, pleaded guilty to wire fraud on Oct. 15 after admitting he obtained $23 million in public funds intended to combat homelessness, at least some through fraud, Westside Current reported. The former head of Hyde Park-based nonprofit Abundant Blessings is scheduled to be sentenced April 7 and must forfeit ill-gotten money and assets under his plea agreement. Those funds, meant to house and feed vulnerable residents, instead went to things like a Westwood […]This article originally appeared on The Real Deal. Click here to read the full story.
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