Chiropractor pleads not guilty in Vt. to fraud - WCAX.COM Local Vermont News, Weather and Sports-

Chiropractor pleads not guilty in Vt. to fraud

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BURLINGTON, Vt. (AP) - A Connecticut chiropractor accused of raising $28 million from investors for a film project and then using most of the money to pay off other investors has pleaded not guilty to an 18-count indictment in Vermont.

The indictment says 54-year-old Louis Soteriou of Middlebury, Conn., induced Vermont storyteller Mac Parker to raise the money for the still-unreleased film. Soteriou pleaded not guilty Tuesday in federal court to wire and mail fraud, money laundering and conspiracy.

The Burlington Free Press reports the indictment alleges about $3.8 million was diverted to Soteriou to help finance his plan to attain a "level of spiritual consciousness."

Soteriou was allowed to use a federal public defender after telling the judge he has no money.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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