former hollywood executive gets 6 years prison for defrauding blackrock fund
the former CEO of a Hollywood studio that distributed movies starring Halle Berry and Matthew McConaughey
Following his guilty plea to cheating a BlackRock Inc investment vehicle, McConaughey was given a six-year jail term on Friday.
Aviron Pictures LLC's manager, William Sadleir, received a sentence from the U.S. Paul Engelmayer, a district judge in Manhattan
a $31.6 million penalty and reparation payment as well.
In January, Sadleir, 68, of Beverly Hills, admitted guilt to two charges of wire fraud relating to schemes
a $75 million investment made in Aviron by the closed-end BlackRock Multi-Sector Income Trust Fund.
Using the ruse that the money was invested in prepaid media credits, Sadleir allegedly stole more than $25 million
spending some of it on a $14 million Beverly Hills property.
To contact BlackRock, she allegedly pretended to be an advertising professional named "Amanda Stevens."