District Attorney Erik Nasarenko announced today that George Ronald Russell (DOB 11/11/56), formerly of Thousand Oaks, was sentenced to four years in state prison. After a jury was selected in October 2024, he pled guilty to 18 felony counts related to an investment scheme, including grand theft from an elder, grand theft of more than $500,000, attempted grand theft, and money laundering. As part of his guilty plea, Russell paid $600,000 in restitution to his victims.
Senior Deputy District Attorney Howard Wise, a member of the Ventura County District Attorney’s Office Special Prosecutions Fraud and Technology Crimes Unit, prosecuted the case.
“Mr. Russell did not just steal money, he destroyed victims’ health, relationships, and trust in others,” Mr. Wise said. “While he deserved a much longer prison sentence for his conduct, everyone involved recognized securing immediate and substantial restitution for the victims was a priority.”