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 NewsThe Vermont Supreme Court will take up the issue of balancing the public's right to know and a... Full StoryBROOKFIELD — A tiny Vermont town’s famous wooden floating bridge — believed to be the only one of... Full StoryBURLINGTON — Scientists at the University of Vermont still chuckle at the memory of Lake... Full Story
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