El Monte developer suspected of financial crimes
EL MONTE -- The developer behind a proposed $1 billion transit-oriented project in the city was in custody Sunday night on suspicion of fraud and embezzlment, among other charges, authorities said.
John Leung, President and Chief Exectuive Officer of The Titan Group, was arrested Friday night by El Monte Police officers on suspicion of forgery, embezzlement, grand theft, burglary and fraud, Police Chief Tom Armstrong said. Leung, 53, was being held at the Men's Central Jail in Los Angeles on $1 million bond.
His El Monte-based development company is in exclusive talks with the city to build the El Monte Transit Village -- a 65-acre residential and commercial complex planned for Santa Anita Avenue off the 10 Freeway.
Armstrong said Sunday Leung's case did not in any way involve the city.
"This investigation is ongoing and the victim is not the city of El Monte ... but a private citizen," he said. "That is where we are with it right now."
John Leung, President and Chief Exectuive Officer of The Titan Group, was arrested Friday night by El Monte Police officers on suspicion of forgery, embezzlement, grand theft, burglary and fraud, Police Chief Tom Armstrong said. Leung, 53, was being held at the Men's Central Jail in Los Angeles on $1 million bond.
His El Monte-based development company is in exclusive talks with the city to build the El Monte Transit Village -- a 65-acre residential and commercial complex planned for Santa Anita Avenue off the 10 Freeway.
Armstrong said Sunday Leung's case did not in any way involve the city.
"This investigation is ongoing and the victim is not the city of El Monte ... but a private citizen," he said. "That is where we are with it right now."
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| Frank Girardot, Metro Editor for the San Gabriel Valley Newspapers, brings you behind the yellow tape with takes on true crime, cold cases and more. This is also your forum to discuss crime, its impact on your neighborhood and how we cover it. Have any questions or tips? You can leave a comment here or e-mail Frank. |
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Brian Day is the crime reporter for the San Gabriel Valley Newspaper group. E-mail Brian. |
There was a horrendous drive-by shooting in La Puente just this morning (June 23 8 a.m.). Industry Sheriff's Department investigated and made arrests. A family and several kids were targeted - they were all home, including a newborn. The house was sprayed with bullets and the father was standing on his porch with one of his daughters. He had to dive on top of his daughter to keep her from being hit. This is ridiculous and outrageous! When is the La Puente City Council & Mayor going to get their crime under control. THE VALINDA CORRIDOR IS OUT OF CONTROL AND THE VARIOUS ELECTED OFFICIALS ARE RESPONDING LIKE IT'S BUSINESS AS USUAL! PLEASE ASK THEM TO ACT WITH URGENCY AND RESPOND WITH A PURPOSE!
Thank you,
annon