The state of Florida is suing the principals in a movie graphics production company, claiming taxpayers were defrauded of $82 million.
The alleged “de facto Ponzi scheme” involved a computer graphics imagery company that worked on many Hollywood blockbusters—”Titanic,” “Apollo 13,” and “Transformers” among them—but fell on hard times and bamboozled the Florida Legislature, former Gov. Charlie Crist and others into approving grants that were then illegally used to pay off debt.
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