Film Investors Cry Fraud

08/23/12 6:06AM

Three investors who say Vermont storyteller Malcolm "Mac" Parker fraudulently persuaded them to lend him money for a $28 million movie project have filed court papers aimed at recouping what they've lost.

Parker has pleaded guilty to federal criminal charges of conspiring to commit wire fraud and filing a false tax document. He's awaiting sentencing.

A partner, Louis Soterio (so'TAIR'-ee-oo) faces fraud and money laundering charges.

The Burlington Free Press reports the investors are pursuing a seldom-used involuntary bankruptcy process against Parker that could allow them seize his assets, including the still-unfinished film, titled "Birth of Innocence."

Tags

fraud arts
comments powered by Disqus
Supported By
Become an Underwriter | Find an Underwiter