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We played you at the end of last hour, a Fox 11 story from Matthew Seedorf about Cheviot Hills.

There is a 70-bed homeless shelter.

It's, I guess, going to provide permanent housing and services.

So you have 70 mental patients and drug addicts being stuffed into a residential neighborhood.

How this thing came to be is literally a federal scandal. Federal agents arrested the real estate executive Stephen Taylor, accused a bank fraud, identity theft, money laundering,

saying Taylor used fake bank records, bogus lines of credit, purchased the property for $11 million.

It used to be a senior living center.

Then he turns around 10 days later

and sells it for $27 million,

buys it for $11 million,

sells it for $27 million,

a $16 million profit,

and nobody knows where the money went

and why the Weingart Center would pay that price

after Taylor used fake, fake documents and fake information to get the $11 million.

...