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Fraud Charges For Cali. Movie Producer

3 years ago|2 views
A California movie producer was arrested Wednesday on $26 million fraud charges. He and an investment advisory executive siphoned millions of dollars from investors to fund their lavish lifestyles. David Bergstein was arrested in Hidden Hills, California, and faced an initial court hearing in Los Angeles. Prosecutors said Bergstein and co-defendant Keith Wellner cheated investors at advisory firm Weston Capital Asset Management in 2011 and 2012.