Vt moviemaker Mac Parker admits fraud in civil suit - WCAX.COM Local Vermont News, Weather and Sports-

Vt moviemaker Mac Parker admits fraud in civil suit

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First, he pleaded guilty to orchestrating a Ponzi scheme, now filmmaker Mac Parker of Addison is barred from selling securities, too.

In April, Parker pleaded guilty in federal court to conspiracy to commit wire fraud and tax crimes. Prosecutors say Parker and a friend raised $28 million from investors for a movie Parker was making called "The Birth of Innocence." But only about $700,000 went toward making the film.

The state of Vermont sued Parker in civil court. The judge in that case found Parker guilty Wednesday of securities fraud and unlawfully offering investment advice. The state did not seek a fine so that Parker could pay back his victims.

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