LOS ANGELES (KNX) — The Los Angeles Police Department is seeking the public’s help in investigating an identity theft and real estate fraud scheme involving two Los Angeles County men.
In September, the titles of six residential properties, the combined value of which was over $3.5 million, were fraudulently conveyed to a fictitious business known as “Cruz Holding Ent.” The properties were vacant and owned by elderly individuals, according to the LAPD.
Joshua Findley, 30, of Alhambra, and Shahen Hovsepian Bank, 54, of Burbank, allegedly impersonated the victims and were arrested in November after trying to fraudulently procure a loan of $400,000. Upon further investigation, police determined the pair were involved in a broader identity theft and loan fraud scheme.
Investigators with the LAPD believe Findley and Banki may have victimized others. Anyone with information about the investigation is urged to contact Detective Brian Calicchia at (213) 486-6620.
