U.S. Department of Justice logo Film Producer Pleads Guilty in Fraud Investment Scams
"The defendant used 21st-century technology to perpetrate an age-old fraud: lying to investors to steal their money and fund his own lavish lifestyle," U.S. Attorney Ryan K. Buchanan said in a news release. "Felton's conviction should serve as a warning to anyone who seeks to capitalize on emerging technology to victimize others."
July 25, 2022 at 05:15 PM
2 minute read
A movie producer has pleaded guilty to several counts of fraud and money laundering arising from his fraudulent promotion of two cryptocurrency investment schemes, federal prosecutors said.
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