The U.S. Securities and Exchange Commission sued The Movie Studio Inc. and its CEO Gordon Scott Venters Friday in Florida Southern District Court. The complaint accuses the defendants of defrauding investors of $1.2 million by issuing false press releases regarding The Movie Studio's ownership, production and licensing of its films. Counsel have not yet appeared for the defendants. The case is 0:21-cv-61686, Securities and Exchange Commission v. The Movie Studio, Inc. et al.