Simi Real Estate Agent Pleads Not Guilty To Theft, Forgery, And Money Laundering

Thursday June 13, 2024

     Updated--A Simi real estate agent has pleaded not guilty to more than a dozen felonies including theft, forgery, and money laundering.

     57-year-old Lane Yudell of Simi Valley also denied more than 50 special allegations.

     The authorities allege that from February 2016 through August 2019, Yudell "made multiple false statements which caused the victim to relinquish possession and ownership of her Thousand Oaks home."

     Prosecutors then allege that Yudell sold the home, stole the money, "then laundered it through multiple bank accounts."

     It's also alleged that Yudell forged the signature of a second victim on real estate transactions in Ventura and Los Angeles counties.

     Yudell was arrested on April 24th, posted bail, and was released.

     He is due back in court at the end of July.