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Ventura County Sheriff's Office
Thursday September 12th, 2019 :: 04:00 p.m. PDT

Community

Embezzlement Arrest

Nature of Incident: Major Embezzler Arrested
Report Number: 19-49963
Location: 6101 Condor Drive, Moorpark, CA
6600 Block of Radford Ave. North Hollywood, CA
 
Date & Time: 9/12/2019 at 7:00 AM
Unit(s) Responsible: Ventura County Sheriff’s Office - Moorpark Police Department -
Patrol and Investigations
 
Ventura County Sheriff’s Office - Thousand Oaks Police Department - Directed Enforcement Unit
 
(S)uspects, (V)ictims, (P)arty, (D)ecedent

City of Residence

Age
(S) Rodriguez, Joe R.
(V) PennyMac Loan Services LLC
North Hollywood
Moorpark
40
 
Narrative:
In early June of 2019, detectives from the Moorpark Police Department Investigations Bureau initiated an investigation into a very elaborate embezzlement scheme involving the mortgage company, PennyMac LLC.  The scheme involved a former employee identified as Joe Rodriguez of North Hollywood.  The embezzlement was discovered by PennyMac Management after Rodriguez was laid off from the company for unrelated reasons. 
 
During the course of their investigation, detectives learned that Rodriguez, who worked in the Human Resources Division, altered the payroll earnings for several employees and stole the marked-up earnings, which totaled several thousand dollars each month.  The scheme continued for over two years, until Rodriguez was laid off in March of 2019. 
 
On the morning of September 12th, 2019, detectives from the Moorpark Investigations Bureau, with the assistance of deputies from the Thousand Oaks Station Directed Enforcement Unit, served a residential search warrant at Rodriguez’ home in North Hollywood, as well as a warrant ordering the seizure of assets on Rodriguez’ bank accounts.  Rodriguez was arrested during the search warrant and a significant amount of evidence was recovered, including a large sum of cash. 
 
Rodriguez was subsequently booked at the Ventura County Jail on several counts of Grand Theft and money laundering and his bail has been set at $2,000.000.00.         
 
 
 
 
Prepared by:
 
 
 
Detective Sergeant Kevin Lynch
 
 
News Release Date: 9/12/19
 
 
 
 
Media Follow-Up Contact:
 
 
Detective Sergeant Kevin Lynch
(805) 532-2716
kevin.lynch@ventura.org
 
 
Approved by:
 
 
Booking Photo Release:
Captain Victor Fazio
 
 
 YES     NO  
 
           
 
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).
 

Address/Location
Ventura County Sheriff's Office
800 S Victoria Ave
Ventura, CA 93009

Contact
Emergency: 9-1-1
Non-emergencies: 805-654-9511

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