State financial regulators have upgraded their complaint against an Addison filmmaker to now include fraud.
Mac Parker has collected $10 million over the past decade for a movie he's making called "The Birth of Innocence." The state has argued he violated law by selling unregistered securities to more than 600 people to finance the film. In court papers filed Tuesday, regulators allege Parker committed fraud by failing to disclose key information, including his use of investor funds for personal expenses.
Some people who funded his movie have said the funds they gave were personal loans, not investments, and therefore are not regulated by the state; and Parker was free to use the money as he saw fit.
Parker's attorney, Wanda Otero-Ziegler, tells WCAX News she is surprised by the filing and does not believe fraud claims are viable. Parker has begun settlement discussions with the state.
In an open letter to the state, Parker wrote, "Birth of Innocence is my most ambitious project yet, and my hope is that it too will reflect beautifully on our state and our people. How ironic that an agency of this state I love so much is now spending taxpayers' money trying to prove that I'm a bad guy."
Thursday, December 5 2013 1:13 AM EST2013-12-05 06:13:43 GMT
One Georgia man is going all-out to light up his home for Christmas this year. For J.R. Adams, decorating his home elaborately with lights, music, and Santa Claus on a motorcycle is a childhood dream come true. "IMore >>
One Georgia man is going all-out to light up his home for Christmas this year.More >>
Thursday, December 5 2013 1:13 AM EST2013-12-05 06:13:06 GMT
Vermont State Police need your help to find a hit and run driver. They say Wednesday afternoon an older model red Subaru wagon driving north on Route 14 in Williamstown crossed into oncoming traffic, enteredMore >>
Vermont State Police need your help to find a hit and run driver.More >>
Thursday, December 5 2013 1:12 AM EST2013-12-05 06:12:17 GMT
Santa is looking for a few helpers to brighten the holidays for senior citizens across our region. Home Instead Senior Care is collecting gifts as part of its "Be a Santa to a Senior Program." The group'sMore >>
Santa is looking for a few helpers to brighten the holidays for senior citizens across our region.More >>
Thursday, December 5 2013 1:11 AM EST2013-12-05 06:11:32 GMT
The battle over a new methadone clinic in South Burlington continues. Wednesday night the South Burlington School board voted to pursue an appeal with the state supreme court to keep the clinic away fromMore >>
The battle over a new methadone clinic in South Burlington continues.More >>
Wednesday, December 4 2013 8:05 PM EST2013-12-05 01:05:10 GMT
Burlington's deputy police chief is off the hook on drunk driving charges after reaching a plea deal with prosecutors Wednesday.More >>
Burlington's deputy police chief took a plea deal Wednesday, and then announced his retirement. The plea gets Andi Higbee off the hook for drunk driving, but the resolution of the case also ends his 24-year career with the BPD.More >>
Wednesday, December 4 2013 9:45 AM EST2013-12-04 14:45:58 GMT
Police are looking for two Massachusetts men in connection with an assault and robbery in Burlington's South End. It happened Tuesday afternoon on Marble Ave. Investigators say Bryan Frazier, 30, and Rashad Sabree,More >>
Police are looking for two Massachusetts men in connection with an assault and robbery in Burlington's South End.More >>
Wednesday, December 4 2013 9:31 AM EST2013-12-04 14:31:50 GMT
An accused murderer has fired his investigator. Dennis Tribble was convicted of murder twice. The 63-year-old Vermont man was convicted of shooting and killing Michael Borello in 2000. But the VermontMore >>
An accused murderer has fired his investigator.More >>
Wednesday, December 4 2013 6:24 PM EST2013-12-04 23:24:21 GMT
He's already in jail accused of burglaries, now a Lamoille County man is facing more charges. Police say Joshua Loura is now linked to three break-ins in Wolcott and Johnson. He was already accused ofMore >>
He's already in jail accused of burglaries, now a Lamoille County man is facing more charges.More >>