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A California man has admitted to defrauding investment groups — nabbing $14 million — by falsely claiming the money would be used to produce a feature film for Netflix.
On Oct. 18, Adam Joiner, 41, of Manhattan Beach, Calif., pleaded guilty to one count of wire fraud in U.S. District Court, according to federal authorities. Joiner, who was arrested in August, will face a statutory maximum sentence of 20 years in federal prison when he is sentenced by U.S. District Judge André Birotte Jr. on March 6, 2020.
FBI - Joiner - Documents - Signatures - Millions
According to the FBI, Joiner used fake documents and forged signatures to raise millions of dollars from foreign investment firms based in South Korea and China for a movie project he said would be called “Legends.” Joiner operated a company called Dark Planet Pictures LLC. His fake company defrauded South Korean-based Korea Investment Global Contents Fund out of $8...
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