- Associated Press - Monday, February 9, 2015

LOS ANGELES (AP) - Two Los Angeles men are going to federal prison for running a phony movie production scheme that bilked investors out of $21 million.

Christopher Blauvelt was sentenced to eight years in prison Monday and David Pritchard got five years.

Prosecutors say the men ran a telemarketing scheme that lured investors for a production company called Gigapix, which supposedly was going to make animated features. But authorities say less than 20 percent of the funds went into production and about 730 victims lost virtually all their money.

Blauvelt and Pritchard were convicted last year of mail fraud and other crimes.

Two Gigapix telemarketers, Gregory Pusateri, and Cheri Brown, also were convicted and await sentencing.


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