Indie film producer gets 13 years for taking $60 million from movie projects to buy cars, jet skis and flights on private jets

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 17%
  • Publisher: 97%

An indie film producer has been sentenced to 13 years in prison for running a scam that took more than $60 million from investors looking to finance movies and Broadway shows and used it to buy fancy cars, designer clothes and flights on private jets.

United States Headlines News

United States Latest News, United States Headlines

Benjamin McConley, 39, of Miami, had pleaded guilty in 2019 to conspiracy for his role in a complex movie-financing plot in which allegedly bilked investors looking to make movies, and then funneled the money into his own bank accounts.

Van Eman has pleaded not guilty and is scheduled to go on trial in March. McConley’s attorney didn’t immediately reply to a message seeking comment. A message left with Van Eman’s lawyer wasn’t immediately returned. In many instances, prosecutors say McConley and Van Eman kept the money for themselves, buying stocks, investing in real estate, high-end furniture and expensive hotel accommodations, while leaving investors high and dry.

Rafael, 31, was fired from Wells Fargo and later pleaded guilty. He was sentenced to 3 ½ years in federal prison earlier this year. Representatives for Wells Fargo WFC, -0.77% didn’t immediately respond to messages seeking comment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's Hollywood what do you expect

Iron Ore is on the brink of collapse!

nice

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft’s insignificant $60 bln buybackMicrosoft is reloading its share repurchase program after working through an earlier plan. The software giant’s new $60 billion buyback plan may take several quarters to carry out, but it is relatively small compared to past years’, says rob_cyan.
Source: Breakingviews - 🏆 470. / 51 Read more »

📽️ 13 Affordable Mini Projectors to Bring the Movie Theater to YouDIY the theater at home for as little as $60. 😶
Source: TeenVogue - 🏆 481. / 51 Read more »

Butterfly jewellery is making a comeback - here's 13 butterfly pieces we're loving for late 90s nostalgiaButterfly jewellery is on trend right now. With its adorable meaning, and suitable for all ages, it's one of our favourite jewelry trends. From Missoma's butterfly necklace to Pandora's cute butterfly ring, dainty Etsy earrings and more. ✨🦋✨🤩 Just like leopard print butterflies never go out of style. 👌🏼
Source: hellomag - 🏆 24. / 68 Read more »

13 Best Plus Size and Size-Inclusive Brands, All In One PlaceWe've rounded up 13 plus-size brands you'd want to keep on your radar now and always. this list is great and has some amazing options but size inclusive might be a stretch if you're over size 24...yes some brands are making some pieces, but then not included universalstand is doing the work to be more inclusive Not a leading fashion and culture magazine publishing the top 8-10 google results of “size inclusive fashion” and calling it an article…truly y’all just said “hey girlies have u tried ASOS or old navy?” 😂 w h a t
Source: TeenVogue - 🏆 481. / 51 Read more »

New Apple Leak Reveals iPhone 13 Release ShockAll iPhone 13 models are getting a massive upgrade following a stunning new leak... wow Bad Killed haseen khan
Source: Forbes - 🏆 394. / 53 Read more »

New Apple Leak Reveals iPhone 13 Release ShockAll iPhone 13 models are getting a massive upgrade following a stunning new leak... horrible Hw much? For everyone reading this comment..... I'm here to help you achieve your dream also if you want the New iPhone 13 I can get you one just text me directly
Source: Forbes - 🏆 394. / 53 Read more »