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Feds indict "mastermind" of foreclosure scam that bilked $7 million from struggling borrowers

A California man stands accused of leading a foreclosure-avoidance scam that preyed on struggling borrowers to the tune of $7 million in ill-gotten gains. Per the details of his indictment, Michael “Mickey” Henschel’s company didn’t operate by legitimate means. Instead, Henschel is the alleged mastermind of a foreclosure scam.