Leave a Comment

Hollywood producer charged with fraud over COVID relief

The Blaze reports:

The U.S. Department of Justice, the Security and Exchange Committee, and the U.S Attorney’s Office for the Southern District of New York announced fraud charges against former Hollywood executive producer William Sadleir on Friday. Sadlier allegedly stole $1.7 million in funds meant for coronavirus relief and swindled $25 million from an investor.

Sadleir, the founder and former chairman of Los Angeles-based film production company Aviron Pictures, reportedly lied on applications to get $1.7 million in Paycheck Protection Program funds from the federal government, according to the Department of Justice.

The government alleges that the former producer used the funds:

  • To buy a mansion in Beverly Hills;
  • To purchase a Tesla;
  • As income for he and his wife;
  • To settle a legal dispute; and
  • To buy furniture for his home.

The Paycheck Protection Program was set up by the U.S. government to provide financial assistance to small businesses devastated by the Coronavirus lock downs.

READ: Hollywood producer arrested for stealing $1.7M in COVID-19 relief funds, embezzling $25M for Beverly Hills mansion

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.