Three people working for Los Angeles–area homeless nonprofits have been arrested and charged with wire fraud and money laundering for allegedly siphoning millions of taxpayer dollars to fund their lavish lifestyles, and in one case to open up a nightclub and bingo hall.
Michael Young, founder of the Culver City–based homeless services nonprofit Home at Last, was charged with wire fraud in connection with an alleged multiyear scheme to defraud taxpayers by siphoning $12 million in funds from the nonprofit into his personal coffers.
Young allegedly spent around $1 million of the funds on an upscale R&B and jazz nightclub in Inglewood called Six Seven Five Lounge and an adjacent bingo hall called House Bingo, which he claimed was run as a nonprofit to raise money for “housing solutions.”…