• 2 men imprisoned after Vt. movie fraud convictions
    The Associated Press | October 03,2013
    • Email Article
    •  
    •  Print Article
     
    BURLINGTON - The two men behind a $28 million movie fundraising fraud scheme that shortchanged hundreds of Vermonters have started their federal prison sentences.

    The Burlington Free Press reports Malcolm "Mac" Parker and Louis Soteriou were scheduled to begin their sentences Tuesday.

    On Wednesday, the U.S. Bureau of Prisons inmate locator said the 56-year-old Parker, of Addison, was incarcerated at the Ray Brook Federal Correctional Facility in Ray Brook, N.Y.

    The 56-year-old Soteriou, of Middlebury, Conn., was incarcerated at the Fort Devens Federal Medical Facility in Devens, Mass.

    Last month Parker was sentenced to 55 months and Soteriou to 84 months.

    Over a decade Parker oversaw both the fundraising and filming aspects of a movie project while Soteriou was a silent partner.

    Investors lost an estimated $9 million.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    MONTPELIER — The races might be new, but many of the faces are the same. Full Story
    Rutland Town officials want to ensure businesses pay the town’s 1 percent sales tax. Full Story
    The sole Democrat in the Rutland City delegation is not seeking another term.

    Rep. Full Story
    More Articles