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  • Tue. Nov 5th, 2024

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood motion picture distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills estate and other high-ends.

SUBMIT PHOTO: An indication for BlackRock Inc hangs above their building in New york city U.S., July 16,2018 REUTERS/Lucas Jackson

District attorneys stated William Sadleir, 66, diverted much of the $1.7 countless loans he received on May 1 from the Income Protection Program for personal expenses.

He apparently did this after wrongly telling JPMorgan Chase & Co and the Small Busines

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