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Two Caught in Foreclosure Scam
By City News Service
Published April 24, 2008

CNS – A Van Nuys businessman and his associate were arrested for allegedly swindling eight people who were facing foreclosure of their homes or other property. Michael “Mickey” Henschel, 59, and Alan Mitchell, 70, of Canoga Park, were charged earlier this month with 71 criminal counts, including conspiracy to commit equity purchase fraud, conspiracy to commit grand theft, foreclosure consulting fraud, grand theft, forgery and other charges. Both men were arraigned Friday April 18 in downtown Los Angeles.

“With the increasing number of foreclosure actions in Los Angeles County and throughout Southern California, unsuspecting home and property owners are being targeted by criminals who hope to enrich themselves through the misery of others,” said District Attorney Steve Cooley.

“Those facing foreclosure need to be vigilant as they work to keep their homes. Check out those who claim to offer help.”

According to prosecutors, the pair victimized residents in North Hollywood, Rancho Palos Verdes, Glendale, Los Angeles, Palmdale and Altadena. If convicted as charged, Henschel—who is being held in lieu of $2 million bail—faces up to 29 years and eight months in prison. Mitchell is facing up to 15 years and eight months. He is being held in lieu of $500,000 bail.

Categories: News (Business)

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