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FINANCIAL ARRESTS WORLDWIDE

Thursday, 1 September 2011

Two former California radio hosts of a money matters show have been charged with real estate fraud.


Ventura County sheriff's Sgt. Cary Peterson says 58-year-old Kenneth Powell, 62-year-old Kathryn Rose and 68-year-old Paul Charles Lascola were arrested Wednesday after prosecutors charged them with crimes ranging from fraudulent land deals and misappropriation of more than $3 million in investor funds.

Each defendant is charged with dozens of felonies. Bail is set at $1 million each.

Powell and Rose were known as "Ken and Katie" when they hosted weekend radio infomercial shows called "Academy of Real Estate," "Money Intelligence" and "The Ken & Katie Show" on Ventura radio station KVTA.

Listeners were encouraged to attend investment seminars, where they were led to invest in various properties.

Posted by Unknown at 17:19
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Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.
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