- Watch The JD Rucker Show every day to be truly informed.
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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