Fake Netflix project lands man in prison after bilking investors of $14 million

Fake Netflix project lands man in prison after bilking investors of $14 million

3 years ago
Anonymous $FNmJglWnLu

https://www.siliconvalley.com/2021/11/14/manhattan-beach-man-who-took-14-million-from-backers-of-bogus-film-project-sentenced-to-8-years-in-prison-2/

A federal judge sentenced a Manhattan Beach man to more than eight years in prison on Wednesday, Nov. 10 after he admitted to lying about having an agreement with Netflix in order to persuade foreign investors to pay $14 million to fund a film written by his brother.

Adam Joiner, 43, of Manhattan Beach was ordered to pay $14 million in restitution and spend 97 months behind bars after pleading guilty to two counts of wire fraud, U.S. attorney’s officials said in a news release. He forged the signature of a Netflix executive and told investors in Asia that the streaming platform had agreed to distribute “Legends,” a film supposedly about figures from American folklore like Paul Bunyan and John Henry.

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