A Los Angeles developer, based in Santa Monica, has filed a lawsuit against its former Chief Financial Officer (CFO), accusing the executive of embezzling millions of dollars. The funds, which were intended for low-income and homeless housing projects, were allegedly used by the CFO to finance a lavish lifestyle for himself and his ex-girlfriend, including the purchase of luxury cars, designer bags, jewelry, private jets, and a mansion in Beverly Hills. The case has garnered attention, highlighting concerns over the misuse of funds meant to address the city's homelessness crisis.