MIAMI (CBSMiami/AP) – Two South Florida men pleaded guilty to participating in a $60 million movie financing fraud scheme.
One of the men is a former Wells Fargo banker and the other a film producer.READ MORE: Gov. Ron DeSantis Says Florida Will Help With Border Control
The Justice Department says 30-year-old Benjamin Rafael admitted Wednesday in Miami to conspiracy to commit wire fraud, and 37-year-old Benjamin McConley pleaded guilty to the same charge last week. They each face up to 20 years in prison.READ MORE: Sailings On Royal Caribbean's 'Odyssey Of The Seas' Postponed After Crew Members Test Positive For COVID
McConley’s partner in Weathervane Productions, Jason Van Eman, remains scheduled for trial in February. Van Eman has 26 production credits, including for films starring Cynthia Nixon and Laura Dern, according to the Internet Movie Database.
Prosecutors say McConley and Van Eman offered to match other movie investors’ contributions, but actually stole the money, while Rafael deceived victims about the security of their funds.MORE NEWS: ‘We Are Sick & Tired’: Community Activists March With Law Enforcement To Call For An End To Gun Violence
(© Copyright 2019 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)