Ventura County District Attorney Erik Nasarenko announced that Lane Yudell a 56-year-old-man of Simi Valley, has been charged with three counts of grand theft, seven counts of forgery, and three counts of money laundering. Yudell, a real estate agent, is also charged with several special allegations, including the defendant taking advantage of a position of trust and confidence to commit the offense, and the victim being particularly vulnerable.
From February 2016 through August 2019, Yudell allegedly made multiple false statements which caused the victim to relinquish possession and ownership of her Thousand Oaks home. Additionally, Yudell is accused of stealing the sale proceeds from the victim’s residence then laundering those funds through multiple bank accounts. Yudell also allegedly forged the signature of a second victim on real estate transactions in Ventura and Los Angeles counties.
Yudell was arrested on April 24, 2024, by the Simi Valley Police Department Special Enforcement Team. The case involved extensive investigation by the District Attorney’s Office Real Estate Fraud Unit and is being prosecuted by Senior Deputy District Attorney Dominic Kardum.