Conn. man to plead guilty in Vt. film fraud case - WCAX.COM Local Vermont News, Weather and Sports-

Conn. man to plead guilty in Vt. film fraud case

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A movie meant to deliver spiritual healing will send a second man to prison.

Louis Soteriou of Connecticut has agreed to plead guilty to federal fraud charges.

Soteriou was the silent partner in Mac Parker's never-completed film called "A Birth of Innocence." Prosecutors say Parker raised $28 million for the film through an illegal Ponzi scheme. Parker pleaded guilty to federal fraud charges last year and was set to testify against Soteriou at his upcoming trial.

Parker paid Soteriou over $4 million to be an adviser on the film while Soteriou was on a spiritual journey trying to transcend human form. But Soteriou's involvement was never disclosed to investors.

As part of the plea deal, Soteriou will plead guilty to fraud and money-laundering charges and could get up to seven years in prison.

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