Ousted Hollywood Executive Charged for Allegedly Taking Fraudulent $1.7M PPP Loan

Ousted Hollywood Executive Charged for Allegedly Taking Fraudulent $1.7M PPP Loan


The founder and former chairman of Aviron Pictures, Williams Sadleir was arrested on Friday on charges of involvement $30 million fraud scheme, the Department of Justice announced.

Sadleir, 66, is accused of misappropriating millions in funds from his film company. Sadleir has since been released on a $100,000 bond but will remain under house arrest.

“As alleged, William Sadleir orchestrated a massive fraud, embezzling approximately $14 million of investor funds from his film company to pay for a Beverly Hills estate, among other fraudulent acts,” said U.S. Attorney Geoffrey S. Berman. “Thanks to the dedicated work of our law enforcement partners at the FBI, Sadleir will be held accountable for his behind-the-scenes misdeeds.”

The former executive was charged with two counts of wire fraud and one count of aggravated identity theft. Each wire fraud charge carries a maximum prison term of 20 years, while the aggravated identity theft charge carries a mandatory

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!