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A Los Angeles real estate developer, Dae Young Lee, also known as “David Lee,” has been handed a six-year prison sentence for orchestrating a $500,000 bribery scheme involving a city councilman.
The Los Angeles real estate developer embarked on a scandalous path by bribing the then-city councilman, José Huizar, and his special assistant. (Photo: KTLA)
Los Angeles Real Estate Developer Pays $500,000 for Bribery
The Los Angeles real estate developer’s attempt to gain undue advantages through illicit means has resulted in significant penalties.
According to a published article, in 2017, Los Angeles real estate developer Dae Young Lee embarked on a scandalous path by bribing the then-city councilman, José Huizar, and his special assistant.
The bribe was aimed at securing their assistance in resolving a labor organization’s appeal that stood in the way of Lee’s planned downtown development project.
The ambitious project encompassed the construction of over 200 residences and approximately 14,000 square feet of commercial space. As chair of the city’s influential planning and land use management committee, José Huizar held substantial power over development approvals.
Taking advantage of this position, Los Angeles real estate developer Lee made three cash payments totaling $500,000 to Huizar’s assistant, George Esparza, in 2017.
These bribes were aimed at greasing the wheels and ensuring a smooth path for the downtown project.
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Los Angeles Real Estate Developer Faces 6-Year Prison Term
However, the law caught up with Los Angeles real estate developer Dae Young Lee, and in a series of legal proceedings, he and his company were found guilty of bribery, honest services wire fraud, and falsifying records.
According to The Guardian, Los Angeles real estate developer Lee received a six-year prison sentence and was fined $750,000.
Additionally, his company was slapped with a hefty fine of $1.5 million, along with prosecution costs, as decreed by the US attorney’s office.
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