The Most Expensive Mansion in US—Worth $500 M—Files Bankruptcy-US News | The Epoch Times

Developer of “The One” mega-mansion, the nation’s most expensive mansion worth an estimated $500 million, filed for bankruptcy protection Oct. 26, a day before the mansion was set to foreclose. After the project developer, Nile Niami—who owns Crestllyod—defaulted on more than $100 million of debt, the lenders of the project, including the largest lender the Hankey Capital, sought help through the court of Los Angeles, claiming they were not being paid. In March, Niami served a notice of default and was granted 90 days to pay off or negotiate the debt. However, no payment was made before the July deadline and the property was eventually placed into receivership. Theodore Lanes, from the Lanes Management Services, received of the property and was appointed for settling its debts. Lanes told CNN that there is a “pretty extensive list” of things that need to be fixed. “This is a very complicated property with …

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State Officials, Service Providers Launch Re-Entry Program for the Formerly Incarcerated-US News | The Epoch Times

Fri Oct 29 , 2021
During the pandemic, the already-high number of people being released from California’s jails and prisons soared. Now, several state officials joined service providers to launch a program aimed at helping formerly incarcerated people re-enter society. Sen. Maria Elena Durazo (D-Los Angeles) joined Assemblymembers Isaac Bryan and Mia Bonta Oct. 28 […]

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