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Defrauding investors out of $26 million
- Former movie producer David Bergstein was convicted by a federal jury on Thursday of defrauding investors out of $26 million. Bergstein, who produced “The Laws of Attraction, “In the Heart of the Sea,” and other films, was found guilty on seven counts of swindling investors in Weston Capital Asset Management.
Jun 27, 2018 · Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that DAVID BERGSTEIN, a film producer and entrepreneur, was sentenced today in Manhattan federal court to 8 years in prison for defrauding investors of more than $26 million.
Jun 27, 2018 · Producer David Bergstein Gets Eight Years in Prison for Fraud. A California movie producer convicted of defrauding investors of more than $26 million was sentenced to eight years in prison...
Jun 27, 2018 · NEW YORK (AP) — A California movie producer convicted of defrauding investors of over $26 million was sentenced to eight years in prison Wednesday by a judge who said his crimes needed to be punished severely. David Bergstein, 55, of Hidden Hills, California, also was ordered to pay a $250,000 fine and forfeit any proceeds of his crimes.
On November 9, 2016, Bergstein was arrested at his Hidden Hills, California home after being indicted for fraud, and was convicted by a Federal jury on March 1, 2018 of defrauding investors out of $26 million. In June 2018 Bergstein was sentenced to eight years in prison and ordered to pay a $250,000 fine.
- 1984 – present
Nov 10, 2016 · Movie producer was arrested on Wednesday for allegedly defrauding investors out of $26 million. Bergstein, 54, was arrested at his home in Hidden Hills, Calif. His movie credits include...
Nov 9, 2016 · Manhattan U.S. Attorney Preet Bharara said: “As alleged, David Bergstein and Keith Wellner defrauded investors out of more than $26 million. They allegedly withheld material information, transferred funds without disclosing conflicts of interest, and misappropriated funds for their own use.
