A Southern California man who allegedly used the “Desilu Studios” title to draw buyers whose cash he later squandered on himself was indicted by a federal grand jury right this moment in Los Angeles. Charles Hensley, 68, of Redondo Seashore, faces 11 counts of wire fraud and one depend of aggravated id theft.
An arraignment in U.S. District Courtroom will occur within the coming weeks.
The alleged scheme impacted many buyers, together with some who wired the $331,000 recognized within the wire fraud counts. Hensley additionally allegedly focused a number of firms within the leisure trade. Regardless of his claims that Desilu Studios was valued at greater than $11 billion and Migranade at greater than $50 million, the businesses have been truly shell firms with few belongings or none in any respect.
If convicted, Hensley potential faces as much as 20 years in federal jail for every wire fraud depend. The id theft prices carries a compulsory two-year sentence.
CBS Studios had sued Hensley in October 2018 over the matter, alleging that he tried to enlist the help of Lucie Arnaz in what he claimed was a relaunch of Desilu Studios truly was trying to make use of her well-known title to “induce unwitting buyers” in a shell firm. In keeping with that filed in California federal court docket (learn it right here), “CBS is knowledgeable and believes that Hensley by no means supposed to make use of the Desilu title for professional enterprise functions and, as an alternative, supposed to make use of that title with a view to induce ‘investments’ into his shell firms.”
Right this moment’s indictments allege that from August 2017-Could 2018, Hensley efficiently pitched investments in firms he owned — together with Desilu Studios Inc. and Migranade Inc. — which he operated out of places of work in a number of Southern California areas. Regardless of his claims that Desilu Studios was valued at greater than
$11 billion and Migranade at greater than $50 million, the businesses truly have been shell firms with few belongings or none in any respect, based on the indictment.
Hensley started utilizing the title Desilu in 2016 and allegedly stated he was making new content material for his firm, per the indictment, telling buyers he was rich and backing his enterprise together with his private funds.
In actuality, he had few belongings and was overdrawn on financial institution accounts, the indictment alleges.
It additional alleges that Hensley falsely represented that Desilu Studios was about to go public and that the corporate’s inventory was value greater than its face worth and greater than buyers have been paying and would enhance in worth following its imminent preliminary public providing. Prosecutors additionally say Hensley stole somebody’s id to checklist as Desilu Studio’s chief monetary officer in providing supplies.