Hollywood Reality TV CEO Faces Sentencing in $2 Million Fraud Scheme

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The CEO of two Hollywood production companies that specialize in reality television programming faces sentencing Thursday for obtaining a $2 million business loan using fabricated documents and by misrepresenting his companies’ financial circumstances.

Jonathan Lee Smith, 41, of West Hollywood, pleaded guilty last year to a single federal wire fraud charge, which carries a prison sentence of up to 20 years, according to the U.S. Attorney’s Office.

Smith managed and owned two production companies, Hoplite Entertainment Inc. and Hoplite Inc. To convince a private lender to fund a $2 million loan, Smith falsely represented that his two companies had accounts receivable of $3,348,000, and he submitted falsified license agreements and other forgeries to back up the claim, according to his plea agreement filed in Los Angeles federal court.

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