Securities Fraud Scam Nets 5-Year Term
Securities Fraud Scam Nets 5-Year Term
A Newbury Park man was sentenced to 5 years in federal prison for securities fraud. Rod Hommell, 59, was accused of stealing money from an elderly woman in his capacity as a financial advisor. Hommell pleaded guilty in May to selling fraudulent securities and theft from an elder. He was accused of pocketing more than $100,000.

This is not the first time Hommell has been accused of fraud. In December 2013, he was accused of using an elderly woman’s ATM card to withdraw cash. He also stole money from her over a four-year period, claiming to have put the money in non-existent investments. Hommell was ordered to pay restitution to the estates of both victims. He has also been permanently barred from working in the insurance industries.

Ventura securities fraud attorney


If you’ve been accused of securities fraud, investment fraud or other financial crimes involving an elder, your first response should be to hire an experienced criminal defense attorney like Robert Helfend.

Mr. Helfend has more than 30 years of experience exclusively in criminal defense, and has provided superior representation to thousands of Californians over the course of his career. He takes cases in Ventura County and throughout Southern California.

Mr. Helfend handles all cases personally. That means your case will get personal attention from a highly qualified attorney. When you’re accused of a work-related felony, your freedom is at stake. In addition, convictions can permanently impact your professional credentials and your ability to make a living following the completion of a sentence.

That’s a lot to risk on an inexperienced attorney. Rather than taking a gamble on an inexperienced or timid defense attorney who isn’t willing to fight for you, contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud defense case.

Photo Credit: American Advisors Group, via Flickr.com

Securities fraud nets 5-year sentence
Securities fraud nets 5-year sentence
A Newbury Park man was given a 5-year sentence for a conviction on securities fraud charges. Rod Hormell also pleaded guilty to theft from an elder. The amount of the loss exceeded $100,000. He was also convicted on probation violations.

According to the indictment, Hormell stole an undisclosed amount from a senior citizen, after telling her that he would invest her funds in a fake business. That case resulted in Hormell’s initial conviction. A second victim came forward and said that Hormell had stolen more than $100,000 from her mother by claiming to invest the money in the same fraudulent business. He was ordered to pay $228,383 in restitution to the second victim. He had been ordered to pay restitution to the estate of the first victim under a separate court action.

Hormell has also received a lifetime censure from the insurance industry. His securities license was revoked following his first conviction.

A securities fraud lawyer you can trust


Securities fraud is normally prosecuted as a federal offense, but securities fraud is a violation of state law as well. Securities crimes can involve a number of different acts. Those acts include making investment trades using a client’s money without the client’s explicit permission; making risky or unsuitable investments without informing the client of the risks; making trades specifically to earn commissions; mismanaging investments; creating phony accounts; comingling clients’ funds with your own; operating a Ponzi scheme, using insider information to gain financial advantage and other similar investment-related crimes.

Financial crimes are complex. Often the nature and depth of a financial crime makes it difficult for ordinary people to understand. An effective defense must be prepared to educate the Court about the nature of the circumstances that led to the charges, and what a defendant’s actions really mean.

Robert Helfend is an experienced criminal defense attorney who practices in both state and federal courts. Mr. Helfend can assemble the experts you’ll need to testify on your behalf. As your securities fraud lawyer, Mr. Helfend will fight aggressively to defend you against securities fraud charges.

Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud case.

Photo Credit: Jos van Galen, via FreeImages.com

Embezzlement for insurance agent
Embezzlement for insurance agent
A former Ventura County insurance agent was arrested recently and charged with one count of grand theft by embezzlement and one count of financial elder abuse for allegedly signing up more than 20 people for insurance policies that they did not ask for or agree to pay for.

Newbury Park resident Alexander Komarenko would sell a legitimate insurance policy to a client, then later add new policies to the client’s account. The premiums were debited directly from the client’s bank account, and often amounted to several hundred dollars per month. If a clients asked about it, Komarenko would indicate that the additional deductions were “billing errors” and would cancel the policy, only to reinstate it later.

An embezzlement attorney with experience


Work-related crimes are difficult to defend against, and it’s very important to defend yourself aggressively against employment related crimes. Without an effective defense, prospective employers will always have questions about your credibility, honesty and trustworthiness. A conviction virtually ensures that you will not be able to find gainful employment in your chosen field.

In addition, a conviction could result in prison time and expensive restitution – restitution you may never be able to repay. You need the assistance of an experienced, aggressive criminal defense attorney like Ventura embezzlement attorney Robert Helfend. Mr. Helfend can assemble the experts you’ll need to testify on your behalf.

Mr. Helfend has provided expert felony defense in Southern California for more than more than 30 years, and takes criminal defense cases exclusively. Embezzlement can be charged as a felony or a misdemeanor. This can work in your favor because it allows an embezzlement attorney like Robert Helfend to work aggressively to get the charges against you dropped or reduced.

Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County embezzlement case.
Photo Credit: Gustavo Ribiero de Mello, via FreeImages.com