California Real Estate Fraud Report

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04
May

Katie Rose, Radio Show Host, Pleads Guilty to Real Estate Fraud

Kathryn “Katie” Rose, 62, who ran a local radio show in Ventura with co-host Kenneth A. Powell, pleaded guilty in one of the largest real estate fraud cases  prosecuted by the Ventura County District Attorney. She faces a sentence of 12 years for her crimes.

Kenneth Powell, 58, has already pleaded guilty to 15 similar white-collar felony counts and awaits a sentence of up to 18 years.

Ventura County Prosecutor Dominic Kardum said that Powell, Rose and Paul Charles Lascola, 69, ripped off 15 investors for more than $3 million. Kardum and co-prosecutor Miles Weiss say the money they stole has completely vanished.

Kenneth Powell and Katie Rose hosted the “Ken and Katie” radio program that featured infomercials such as “Academy of Real Estate” and “Money Intelligence” on KVTA-AM 1520. This is where they attracted the investors who ultimately became victims.

Read the original article on the Ventura County Star.

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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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