People v. Kenneth Powell, Katie Rose, and Paul Lascola
(Real Estate Fraud)
Three convicted and sentenced in real estate investment fraud scheme
The Ventura County District Attorney’s Office successfully prosecuted one of the largest real estate investment fraud schemes uncovered in the county involving victim losses exceeding $3 million. This prosecution was the result of a long term investigation conducted by the Ventura County District Attorney’s Office Bureau of Investigation working in combination with the Ventura County Sheriff’s Office Major Crimes Bureau and the Ventura Police Department. These law enforcement agencies received numerous complaints against three defendants arising out of their marketing and sale of various investments purportedly secured by real estate in the state of Arizona and the California cities of Taft, Goleta, Canyon Country, Ventura, and Thousand Oaks.
Defendants Kenneth Powell and Katie Rose made contact with many of the alleged victims as “Ken & Katie,” the hosts of radio programs named “Academy of Real Estate” and “Money Intelligence” that previously aired on a local radio station. Defendants Powell and Rose paid the station for their air time.