I'm not saying it's a bullshit story ...but..

1) It's Fox. They have to write to their audience, and their audience wants worst case scenarios.

2) They're using information from Trump's DoJ... an agency that is now no more credible than Fox because... the entire administration is, for all intents and purposes, Fox.

a staggering $24 billion , the Department of Justice revealed, announcing new criminal cases against two LA area real estate developers who the federal government says misused roughly $50 million in a combination of federal, state and local dollars earmarked for homelessness.

3) Hold the phone..... $50 million out of $24 BILLION! Hell, that's kinda a rounding error compared to the grifts the orange asshole is perpetrating.

4) Always remember and never forget that many of the real estate developers and contractors in CA are grifting MAGAts who don't give a flying fuck about California beyond what they can extract from it. Our state GDP attracts MAGA scum. Part of Trumps hatred of the Golden state is due to his inability to sell his shit here. To wit, they hate him in Palos Verdes and he hates them. He had to settle for defrauding people who bought into the Don/Ivanka/Erik/DonJr Baja COndo scam, to prevent getting his families clock cleaned in litigation. He hates that he cannot take any credit for California's success, him being persona non grata.