- Associated Press - Tuesday, January 27, 2015

LOS ANGELES (AP) - A West Hollywood man who helped run a scheme that raised nearly $2 million by offering shares in movies that were never released is going to federal prison.

City News Service says Stuart Rawitt was sentenced Monday to more than five years behind bars. He was ordered taken into immediate custody.

Rawitt was charged with offering phony investments in movies that supposedly featured well-known actors such as Donald Sutherland.

Prosecutors said Rawitt and his co-defendants ran “boiler room” telemarketing operations that called people around the country. Some 140 invested.

One movie, called “The Smuggler,” was never made. Another, called “Beyond the Mat,” was shot but hasn’t been released.

Rawitt pleaded guilty in October to mail fraud.

Two of his co-defendants await sentencing.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide