September 15, 2021
Publication: Law360
A Florida federal judge has sentenced Benjamin Forrest McConley to 13 years in prison for defrauding film and theater investors and producers out of millions of dollars. Kobre & Kim’s Evelyn Sheehan, who represents one of the victims and whose team brought the case to the U.S. Department of Justice, spoke to the court in comments later quoted in Law360.
Mr. McConley offered financing services to investors of motion picture, live theater and other projects, but instead took the money to finance his own lavish lifestyle. This “brazen cynical endeavor,” Ms. Sheehan told the court, had costed her client Adana Investment Inc. over US $28 million. She said Mr. McConley flaunted his lifestyle on social media and became “extremely angry” when Adana asked questions.
Mr. McConley had pleaded guilty and told the court he accepted responsibility. Ms. Sheehan noted to the court that he appeared repentant now but took no steps to fixing the problem prior to the filing of the criminal case.
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