An LA actor who conned investors out of $230 million by telling them he had connections to major film and streaming distributors was sentenced to federal prison.
An LA actor who orchestrated an elaborate Ponzi scheme that raised $650 million in bogus licensing deals with HBO and Netflix was sentenced to 20 years in federal prison.
Some of his splurges include $700,000 for a celebrity interior designer to remodel his $5.7 million home in Beverlywood, Calif. with five counts of securities fraud, six counts of wire fraud and two counts of aggravated identity theft.
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