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Movie Exec Admits To Bilking $30 Million From NY Investment Fund Movie Exec Admits To Bilking $30 Million From NY Investment Fund
Movie Exec Admits To Bilking $30 Million From NY Investment Fund A Hollywood big wig is facing decades in prison after admitting to bilking a New York investment fund out of more than $30 million “in a brazen plot that could be ripped from one of the films he distributed,” federal officials announced. Beverly Hills resident William Sadleir, age 67, pleaded guilty to two counts of wire fraud in connection with his participation in two schemes relating to investments made by a New York-based investment fund in Aviron Pictures. US Attorney Damian Williams said that Sadleir was the chairman and CEO of Aviron, which he oversaw from 2015 through December 2019…

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by Zak Failla