California Real Estate Fraud Report

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02
Sep

“Ken and Katie” Radio Hosts Arrested in Real Estate Fraud

Kenneth Powell, 58, Kathryn Rose, 62, the former California radio hosts the “The Ken & Katie Shows”, a weekend series of radio infomercial shows hosted by Ventura radio station KVTA, are having their own money problems.

Powell, Rose and Paul Charles Lascola, 68, are all being held on $1 million bail after being accused of running a Ponzi scheme in a number of land deals. Investors were solicited at real estate investment seminars and promised returns of 12-14% if they placed their money in the construction of vacant lots in the city of Taft in the Central Valley. No building ever occurred and in fact there were either liens or the lots had been sold to other investors (real estate investment fraud).

Read the original articles in the Ventura County Star and the Silicon Valley Mercury News.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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