Billionaire Wei Huang is a fugitive but a trial against his company may show how deep corruption invaded LA City Hall.
A federal trial is underway against Shen Zhen New World I, a company owned by a fugitive Chinese billionaire developer who was charged in the corruption case against former L.A. City Councilman José Huizar. Billionaire Wei Huang planned to build a 77-story tower on the site of the L.A. Grand Hotel downtown, but federal prosecutors say the company bribed the ex-councilman, who faces federal bribery and fraud charges.
A federal prosecutor told a jury on October 27 that the China-based hotel company owned by Huang provided Huizar with over $1 million in bribes, trips on private jets and “casino chips and prostitutes” in exchange for his official support of a downtown L.A. skyscraper project., where the Huang-owned Grand Hotel still stands. The defense said that L.A. city officials “universally loved” Huang’s proposed project, so “there was no reason to bribe anyone” to approve it.
“I think what are really trying to show is closeness and coziness and the possibility of favors and favoritism and preferential access,” Levinson said. On the opening day of the trial, federal prosecutors said that Huang allegedly provided Huizar and his special assistant George Esparza with a “lineup of prostitutes for their choosing” during the trips, adding that “It would become a recurring theme of their trips together.”
According to the memo, federal prosecutors will present evidence of extensive benefits Huang allegedly gave to Huizar and Esparza during each Las Vegas trip, during which Huizar allegedly laundered the money he got from Huang.
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