|
 White Plains, NY - The Westchester County District Attorney's office announced that Mark Henningsen, 47, of Rye, New York plead guilty to one count of Scheme to Defraud.
Over a six and one half year period between August 2nd, 1999 and May 2nd, 2006, Henningsen, a financial advisor, "advised" his clients/victims to invest in his company: Benefit Partners LLC. They "invested" in what they thought was an insurance benefits and financial services coordinator services company with existing contracts to supply insurance products to area hospitals.
He further represented to some investors that they were to get a guaranteed nine percent return on their investment. He told others that the company was worth nearly 5 million dollars.
In actuality, Henningsen did not have any contracts, the company was never worth the nearly 5 million dollars and he used the money for his own debts and personal expenses.
He stole a total of approximately $580,000 from his victims.
After an extensive investigation including analysis from forensic accountants, Henningsen surrendered in June, 2006 to investigators from the District Attorney’s office.
Henningsen’s guilty plea is conditioned on a term of not less than one to three years in state prison, along with judgments of restitution.
He is due to surrender on April 4th, 2008 to begin serving sentence and will be formally sentenced on May 30th, 2008.
Assistant District Attorney Adeel Mirza, of the Investigations Division prosecuted the case.
 |
