2010-05-21 / Community

Real estate agent could get prison time for fraudulent deal

A licensed real estate agent from Simi Valley recently pleaded guilty to one count of felony grand theft and admitted to a special allegation of taking more than $50,000 in a real estate fraud.

John William Vanderwall, 46, stole about $65,000 from a Ventura County resident in a fraudulent real estate deal in 2007.

He previously paid $20,000 in partial restitution to the victim.

Vanderwall is scheduled for sentencing on July 20. He faces a maximum sentence of four years in state prison.

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