Quantcast

Mac Parker responds to legal action - WCAX.COM Local Vermont News, Weather and Sports-

Mac Parker responds to legal action

Mac Parker Mac Parker

Montpelier, Vermont - January 13, 2010

A well known Vermont storyteller has issued a statement after it was made public he is under investigation for violating state securities law.

Court papers indicate Mac Parker of Addison collected money to finance a movie he was making, guaranteeing investors hefty returns. He's not registered to do that. And and the movie, called "The Birth of Innocence," is not a registered investment. Some 200 people gave amounts ranging from a $100 to $500,000.

Investigators will also look into whether he was shifting money around in a Ponzi scheme.

Mac Parking issued this statement:

I have borrowed money to make a beautiful film called "Birth of Innocence."  This is not a scheme, and I have no intention to deceive or violate anyone.
I have made an absolute commitment to repay all loans made to me, and I remain steadfast in this commitment.
 
I have always considered these loans, and had no idea the State might consider them Securities.  The State raised these questions, and I have acted with openness and cooperation to support their investigation.  I dismantled my website at their request.  I have assured them I will work to bring myself into compliance with all regulations, if violations are found.
'Birth of Innocence' is nearly completed.  I am asking for the time and freedom to finish it, and to honor my promises to all the good people who are supporting this project.
Thank you.
 

Parker says his movie is nearly completed and he hopes to have the time and freedom to finish it so he can honor his promises to the people who supported the project.

 
  • Local NewsMore>>

  • Police: Men used stolen cards on thousands of dollars in purchases

    Police: Men used stolen cards on thousands of dollars in purchases

    Saturday, August 23 2014 9:48 AM EDT2014-08-23 13:48:46 GMT
    Police in Chittenden County have caught two men from Brooklyn who they say used stolen credit card numbers to buy thousands of dollars worth of stuff.
    Police in Chittenden County have caught two men from Brooklyn who they say used stolen credit card numbers to buy thousands of dollars worth of stuff.
  • Destination Recreation: Clark's Trading Post

    Destination Recreation: Clark's Trading Post

    Saturday, August 23 2014 9:28 AM EDT2014-08-23 13:28:18 GMT
    Clark's Trading Post in Lincoln, New Hampshire has attracted millions of visitors since opening its doors in 1928. While famous for its bear shows, it offers a whole lot more.
    Clark's Trading Post in Lincoln, New Hampshire has attracted millions of visitors since opening its doors in 1928. While famous for its bear shows, it offers a whole lot more.

  • At Issue: Keeping up with kids' vaccinations

    At Issue: Keeping up with kids' vaccinations

    Saturday, August 23 2014 9:21 AM EDT2014-08-23 13:21:43 GMT
    It's about time to send kids back to school, and if you're a parent, chances are you've gotten a note reminding you to make sure your kids are up to date on their vaccinations.
    It's about time to send kids back to school, and if you're a parent, chances are you've gotten a note reminding you to make sure your kids are up to date on their vaccinations.
  • Teaching the notes of tango in Stowe

    Teaching the notes of tango in Stowe

    Saturday, August 23 2014 9:13 AM EDT2014-08-23 13:13:32 GMT
     The hills of Stowe were alive this week with the sound of music -- Argentine Tango music. We sent Cat Viglienzoni to check it out.
     The hills of Stowe were alive this week with the sound of music -- Argentine Tango music. We sent Cat Viglienzoni to check it out.
  • Burglary suspects caught

    Burglary suspects caught

    Saturday, August 23 2014 12:18 AM EDT2014-08-23 04:18:38 GMT
    Vermont State Police nabbed a pair of suspected burglars and believe they're linked to several other crimes.
    Vermont State Police nabbed a pair of suspected burglars and believe they're linked to several other crimes.
  • Sen. Jim Jeffords laid to rest

    Sen. Jim Jeffords laid to rest

    Friday, August 22 2014 8:12 PM EDT2014-08-23 00:12:17 GMT
    Sen. Jim Jeffords was one of Vermont's beloved public servants, with a career that took him from the hills of Shrewsbury to the U.S. Senate. Friday, in his hometown of Rutland, James Jeffords was laid to rest.
    Sen. Jim Jeffords was one of Vermont's beloved public servants, with a career that took him from the hills of Shrewsbury to the U.S. Senate. Friday, in his hometown of Rutland, James Jeffords was laid to rest.
  • Is it safe to move accused killer Elizabeth Teague?

    Is it safe to move accused killer Elizabeth Teague?

    Friday, August 22 2014 7:09 PM EDT2014-08-22 23:09:17 GMT
    The Vt. Dept. of Mental Health says scarce resources are part of the push to relocate alleged workplace shooter Elizabeth Teague to a facility with fewer regulations. Elizabeth Keatinge was at Friday's hearing.
    The Vt. Dept. of Mental Health says scarce resources are part of the push to relocate alleged workplace shooter Elizabeth Teague to a facility with fewer regulations. Elizabeth Keatinge was at Friday's hearing.
  • Police investigate death of 13-year-old in Hardwick

    Police investigate death of 13-year-old in Hardwick

    Friday, August 22 2014 8:10 PM EDT2014-08-23 00:10:40 GMT
    Investigators say a teen was found dead at a home in Hardwick Friday morning.
    Investigators say a teen was found dead at a home in Hardwick Friday morning.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.