FBI Arrests Trio for Defrauding Movie Investors of $12 Million

The Federal Bureau of Investigation has arrested three men for allegedly running an “advance fee” scheme that swindled movie investors out of more than $12 million. An indictment unsealed in Manhattan Federal Court charged James David Williams of Calabasas, Calif.; Steven Brown of Santa Monica, Calif.; and Gerald Seppala of Minnesota with wire fraud and wire fraud conspiracy. Williams and Brown are also charged with laundering the proceeds of the fraud.
Read more: http://variety.com/2016/film/news/fbi-arrests-defrauding-movie-investors-1201806236/?source=Snapzu