RUTLAND — A man has pleaded guilty in Vermont federal court to charges connected to a scheme to defraud hundreds of investors in a movie.
Louis Soteriou (“so-TAIR-ee-oo”) of Middlebury, Conn., pleaded guilty as part of a plea deal in Rutland on Thursday to charges of money laundering and conspiracy to commit mail fraud.
The Burlington Free Press reports (http://bfpne.ws/14Bjxff) prosecutors agreed to drop 16 other counts against him.
Prosecutors said people invested $28 million in the film, called “Birth of Innocence.” They said Soteriou had partnered with Vermont filmmaker Malcolm “Mac” Parker on the deal.
Parker, of Addison, was in court Thursday. Last year, he pleaded guilty to charges of conspiring to commit wire fraud and filing a false tax document. He awaits sentencing.MORE IN Vermont NewsKILLINGTON — Killington Music Festival opened its 33rd season Saturday with a faculty showcase... Full StoryVoters across America are beginning to “feel the Bern.” And make no mistake, the media and Sen. Full Story
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