Skip to main content

Posts

Showing posts with the label movies

Ninth Defendant Pleads Guilty to Telemarketing Fraud That Solicited Over $9 Million for Indie Films

LOS ANGELES—The last of nine defendants facing trial next week on federal fraud charges stemming from boiler room operations that solicited investments in independent movies pleaded guilty in federal district court yesterday afternoon, admitting that he participated in a conspiracy to defraud investors that included false promises of up to 1,000 percent returns and misrepresentations as to how investor funds would be used.