Filmmaker Cleared of $21 Million Ponzi Charges - 2017-03-17

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F350.png Filmmaker Cleared of $21 Million Ponzi Charges March 17, 2017, Matt Reynolds, Courthouse News Service

LOS ANGELES (CN) — A Superior Court judge Thursday dismissed criminal securities fraud charges against a filmmaker whom prosecutors accused of working with an insurance saleswoman to swindle $21.5 million from victims in a Ponzi scheme.

Los Angeles County Superior Court Judge Michael Pastor dismissed the two remaining charges against 66-year-old Israeli filmmaker Dror Soref: misrepresentation of a material fact in connection with the offer or sale of a security; and using a device, scheme or artifice to defraud in connection with the offer or sale of a security.

The ruling in his downtown courtroom came after a Feb. 27 ruling in which Pastor gutted the state's complaint against Soref, finding that prosecutors took too long to file 70 charges in the criminal complaint under California law.

Wikipedia cite:
{{cite news | first = Matt | last = Reynolds | title = Filmmaker Cleared of $21 Million Ponzi Charges | url = https://www.courthousenews.com/filmmaker-cleared-21-million-ponzi-charges/ | work = Courthouse News Service | date = March 17, 2017 | accessdate = September 18, 2019 }}