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Real Estate Execs Charged in $26M Homekey Fraud

10/18/2025

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Summary

Story summary

The U.S. Department of Justice charged Cody Holmes and Steven Taylor, Los Angeles-area real estate executives, with fraud tied to California's Homekey Program.
Holmes allegedly misappropriated nearly $26 million, including $2.2 million for personal expenses.
Taylor faces bank fraud and money laundering charges for inflating property values.
Investigations into broader Homekey fraud continue.

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Story summary

The U.S. Department of Justice charged Cody Holmes and Steven Taylor, Los Angeles-area real estate executives, with fraud tied to California's Homekey Program.
Holmes allegedly misappropriated nearly $26 million, including $2.2 million for personal expenses.
Taylor faces bank fraud and money laundering charges for inflating property values.
Investigations into broader Homekey fraud continue.