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Woman severely beaten during invasion at Beanie Babies tycoon's home: report
A man suspected of savagely beating a woman inside Beanie Babies tycoon Ty Warner’s Montecito, California mansion has been charged with first-degree attempted murder and other violent crimes, according to a report.
According to a criminal complaint, 42-year-old Russell Maxwell Phay of Henderson, Nevada, broke into a home owned by “T. Warner” and beat a woman identified as “L. Malek Aslanian,” within inches of her life.
The Santa Barbara County District Attorney’s Office told NBC News that “T. Warner” is Ty Warner, the owner of Ty Inc., which manufactures the stuffed children’s toys.
The Santa Barbara District Attorney’s Office could not immediately be reached for comment.
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Feb. 16, 2003: In this file photo, Ty Warner, Beanie Baby creator, arrives at the Toy Fair to sign “Decade,” the 10th anniversary baby bear in New York. (AP)
The incident occurred on May 21.
The complaint, signed by Santa Barbara County District Attorney John Savrnoch, alleges that Phay “did unlawfully and with malice aforethought attempt to murder a human being,” and that he left Malek Aslanian “in a comatose state due to brain injury.”
He was also charged with assault with a force likely to produce great bodily injury, residential burglary with a person present, kidnapping, and obstructing or delaying a peace officer.
According to a press release from the Santa Barbara County Sheriff’s Office, police responded to a burglary at the home, and when they arrived, found Malek Aslanian severely beaten.
Beanie Babies from Mina’s in Bellevue in 1998. (Mandy Lunn/USA TODAY NETWORK)
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Police found Phay barricaded in an upstairs bathroom. He allegedly jumped from the second story window to escape, only to be immediately captured by police with the help of a police K9.
A release from Savrnoch’s office says that Phay is scheduled to appear in Santa Barbara Superior Court for the first time on June 2. He is being held on $1 million bail. According to Santa Barbara County jail records, Phay is still in custody.
The Santa Barbara County Sheriff’s Office declined to comment.
The Santa Barbara County Courthouse in California. (Getty Images)
Fox News Digital reached out to the Santa Barbara Public Defender’s Office.
Read the criminal complaint here:
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Ovation Development Corp. and its affiliate, Heirloom by Ovation, a Las Vegas-based developer of multifamily housing and one of Nevada’s largest private developers of affordable senior housing, hosted a ribbon-cutting and welcome-home ceremony for residents of its newest senior affordable housing community, Heirloom at Rome, at 4850 W. Rome Blvd. in the northwest valley.
The demand for senior affordable housing is reflected in Heirloom at Rome already having more than 182 occupied units, just months after it opened.
The $78 million Heirloom at Rome community, which was funded in part by Clark County Community Housing Funds and Nevada Housing Division’s Home Means Nevada Initiative, brings 276 new affordable housing units to market, including 38 tiny homes. The community’s tiny homes offer 400 square feet of living space, while apartments that range from 664 square feet to 891 square feet offer from one to two bedrooms.
Heirloom at Rome sits on a nearly 9.5-acre site within three separate buildings totaling 243,100 square feet. Of its 276 units, 180 are available to seniors making less than 49 percent of Area Median Income, and 96 units are available to seniors making less than 59 percent of AMI.
The community sits on land once owned by the federal government and granted to the city of Las Vegas for purposes of affordable housing. Ovation was awarded the project through a competitive request for proposal process, furthering the city’s prioritization of affordable housing construction.
On-site amenities include a fitness room, movement studio, screening room, game lounge, great room, business center, wellness room and a one-story clubhouse by the tiny home village. Outdoor amenities include a community garden, pet park, extensive xeriscape landscaping, picnic tables and carport parking for residents.
Heirloom at Rome was designed and built to achieve LEED Gold certification by the U.S. Green Building Council and has successfully received its certification. The community features high-efficiency heating and cooling equipment including Energy Star appliances, low-E vinyl thermal pane windows, and high R-value wall and attic insulation. Additional sustainable building practices include the use of low- or no-VOC paints, adhesives and formaldehyde-free particleboard. Water conservation measures will include low-flow fixtures and drought-tolerant landscaping.
As one of Nevada’s largest and leading apartment developers of both market-rate and affordable housing for low-income seniors and working families, Ovation ensures its affordable housing communities maintain the exceptional quality associated with its market-rate projects.
Through its partnership with nonprofit Coordinated Living of Southern Nevada, Ovation provides residents of its affordable housing properties with life-enhancing wraparound services and recreational amenities that create a rich social infrastructure and high quality of life. This includes transportation assistance to medical appointments and shopping, health and wellness programs, food assistance as well as social outings and events.
According to Alan Molasky, chairman and founder of Ovation, “collaboration is key to solving for challenging issues like affordable housing, and we couldn’t do it without critical support from government and agency partners who share our passion,” he said.
“We have long believed that everyone, regardless of income, deserves a quality home that helps to strengthen individuals, families and community. Providing a beautiful, dignified and comfortable place to live is key to ensuring seniors, particularly those on low or fixed incomes, can continue to thrive in a clean and beautiful environment during their golden years.”
To date, Ovation has completed 18 income- and rent-restricted communities totaling more than 2,795 units. The company will complete five more multifamily affordable communities with more than 1,300 units in Southern Nevada by 2028, providing much needed relief for low-income seniors, individuals and families.
Coming soon to the Heirloom by Ovation portfolio is Heirloom at Torrey Pines, at 6540 W. Arby Ave.
For leasing and qualifying information on Heirloom at Rome and other Heirloom by Ovation communities, visit HeirloomByOvation.com.
Ovation Development Corp. is a Las Vegas-based development company founded by Alan Molasky, a prolific developer of multifamily, resort-style housing in Southern Nevada for 40-plus years. The largest private multifamily developer in the Las Vegas Valley, Ovation has built nearly 10,000 units. In addition to luxury multifamily communities, Ovation is committed to the development of a portfolio of affordable housing for low-income seniors, known as Heirloom by Ovation, based on the belief that quality homes are foundational to strengthening individuals, families and community. Ovation and its affiliates employ more than 300 individuals representing all facets of design, construction and property management. For information, visit ovationco.com.
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Updated: May 2, 2026, 2:24 pm EDTPublished: May 2, 2026, 2:24 pm EDT
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