BURLINGTON, Vt. (AP) - A three-judge panel has upheld a 55-month sentence for a man who pleaded guilty to conspiracy in a $28 million movie fundraising fraud scheme in Vermont.
Malcom "Mac" Parker was sentenced last year for his role overseeing the fundraising and filming aspects of a movie project that shortchanged hundreds of Vermonters. A co-defendant, Louis Soteriou, received an 84-month prison sentence.
The Burlington Free Press reports Parker's lawyer appealed the length of the sentence. The 2nd Court of Appeals in New York City ruled Monday that the sentence was reasonable.
Court records say Parker, a well-known Vermont storyteller, persuaded about 700 people to invest in the film by offering double-digit interest payments on their money. About 400 of them ended up being owed money.
The movie was never finished.
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