BURLINGTON, Vermont — 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 (http://bfpne.ws/1natqb8) 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.
Information from: The Burlington Free Press, http://www.burlingtonfreepress.com