Sentencing Delayed for Hollywood Producer in Paycheck Protection Scam

0

A scheduled sentencing hearing for the former head of a Hollywood production and distribution company who attempted to swindle the coronavirus-relief Paycheck Protection Program out of about $1.7 million was delayed Thursday until Tuesday.

William Sadleir, 68, pleaded guilty in March to one federal count each of bank fraud and money laundering.

Prosecutors said the Beverly Hills resident — the founder and former owner of Los Angeles-based Aviron Pictures — lied on applications seeking forgivable PPP loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act.

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! Vigour Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Enable Notifications OK No thanks