California Real Estate Fraud Report

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06
Jun

“Ken & Katie Show” Defendant Sentenced for Real Estate Investment Fraud

Paul Lascola, a Thousand Oaks man who pleaded guilty to 11 of the 24 felonies with which he was charged as part of the “Ken and Katie Showreal estate investment fraud case, has been sentenced to serve 10 years in state prison.  

Lascola, who faced charges of elder financial abuse and grand theft, was linked with former radio show hosts Kathryn “Katie” Bess Rose, 63, of Woodland Hills and Kenneth Alan Powell, 59, of Bakersfield. Rose and Powell were on News Talk KVTA 1520 AM, on which they paid to broadcast weekly. Their program focused on real estate investments and according to the Ventura County District Attorney’s Office, targeted mostly retired and elderly investors from Ventura, Los Angeles and Santa Barbara counties.

At his May 30 restitution hearing, Paul Lascola was also ordered to repay his victims $3 million, according to Senior Deputy District Attorney Anthony Wold. Wold added “The point of restitution is to try to make our victims whole through the process of criminal prosecution. They are completely and utterly financially devastated. At least one was retired and had to go back to work. Most of them lost all the equity in their homes. They may have tremendous difficulty recovering from this financially, if they ever recover.”

Katie Rose pleaded guilty to 13 felonies, was sentenced in July 2012 to 12 years and eight months in state prison and was ordered to pay $3.4 million in restitution to her victims. Kenneth Powell pleaded guilty to 15 felonies, received a sentence of 18 years in state prison and must repay his victims $4.3 million.

Read the original article in The Acorn.

There are numerous articles about the Ken & Katie Show case on the California Real Estate Fraud Report. Use the search option at the left to locate them.

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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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