A Southern California man who allegedly used the “Desilu Studios” name to attract investors whose money he later squandered on himself was indicted by a federal grand jury today in Los Angeles.
Charles Hensley, 68, of Redondo Beach, faces 11 counts of wire fraud and one count of aggravated identity theft.An arraignment in U.S.
District Court will happen in the coming weeks.The alleged scheme impacted many investors, including some who wired the $331,000 identified in the wire fraud counts.
Hensley also allegedly targeted multiple companies in the entertainment industry. Despite his claims that Desilu Studios was valued at more than $11 billion and Migranade at more than $50 million, the companies were actually shell corporations with few assets or none at all.If convicted, Hensley potential faces up to 20 years in federal prison for each wire fraud count.
Read more on deadline.com
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