Criminal
Aug. 27, 2010
Film Producer Charged in Movie Ponzi
The California Attorney General's office announced on Wednesday that it had charged a film producer with 89 felony counts for allegedly defrauding investors out of $9 million through an alleged Ponzi scheme disguised as investments in low-budget movies.
Daily Journal Staff Writer
The California Attorney General's office announced on Wednesday that it had charged a film producer with 89 felony counts for allegedly defrauding investors out of $9 million through an alleged Ponzi scheme disguised as investments in low-budget movies.
Mahmoud Karkehabadi, the 53-year-old owner of Alliance Group Entertainment, could face up to 25 years in prison for allegedly...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In