U.S. charges Hollywood film distributor with defrauding BlackRock fund


NEW YORK (Reuters) – U.S. prosecutors on Friday charged the founder and former owner of a Hollywood movie production and distribution company with defrauding a BlackRock Inc (BLK.N) investment fund out of about $14 million to pay for luxuries including a Beverly Hills mansion.

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

William Sadleir, 66, of Beverly Hills, California, was charged with two counts of wire fraud and one count of aggravated identity theft after inducing the closed-end BlackRock Multi-Sector Income…

Source reuters.com

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