Sadleir was also accused of having previously induced the closed-end BlackRock Multi-Sector Income Trust Fund to invest US$75 million in Aviron to support its films. Prosecutors said he then created a sham company to conceal his use of the money, and assumed the fake identity "Amanda Stevens" to communicate by email with the BlackRock fund about its investment.
NEW YORK: U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.
Prosecutors said William Sadleir, 66, diverted much of the $1.7 million of loans he received on May 1 from the Paycheck Protection Program for personal expenses.
Limited time offer:
Just RM5 per month.
