News Story


Newbury Park Financial Planner Arrested for Financial Elder Abuse and Money Laundering
2/20/2013 10:00:00 AM


Nature of Incident:

Financial Planner Arrested for Embezzling  from Elderly Victim

Report Number:



900 Block of Broadbeck Drive, Newbury Park

Date & Time:

02/19/13 @ 10:00 AM

Unit Responsible:

Ventura County Sheriff's Office / Major Crimes Unit

(S)uspects, (V)ictims, (D)ecedent

City of Residence


Hormell, Rod Scott

Newbury Park




A Newbury Park Financial Planner was arrested today following the execution of a search warrant at his business and home.   


In October 2012, a concerned family member made a report with the Ventura County Sheriff's Office alleging Rod Hormell embezzled monies from the 89 year old victim while employed as her financial planner.  Detectives assigned to the Major Crimes Unit conducted an investigation and developed sufficient probable cause to arrest Hormell for Financial Elder Abuse & Money Laundering.


The Ventura County Sheriff's Office is committed to protecting the elderly citizens within our community.  We encourage anyone who believes they were victimized by Hormell, to contact the Ventura County Sheriff's Office / Major Crimes Unit.


Deputy Preparing Media Release:

Detective Russell King

Media Release Date:


Follow-Up Contact:

Detective Russell King (805) 384-4731

Approved by:

Captain Chris Dunn


Ventura County Crime Stoppers will pay up to $1,000 reward for information, which leads to the arrest and criminal complaint against the person(s) responsible for this crime.  The caller may remain anonymous.  The call is not recorded.  Call Crime Stoppers at 800-222-TIPS (8477).