UPDATED, 4:50 PM: William Sadleir, the former chief executive of Aviron Pictures, was sentenced today to 41 months in prison for applying for and receiving $1.7 million in loans under the Paycheck Protection Program for Aviron entities when the entire operation was being shuttered because of his embezzlement.He had pleaded guilty March 16 in Los Angeles to one count of bank fraud and one count of money laundering.RELATED: Aviron Pictures Founder William Sadleir Arrested In $1.7M COVID-19 ScamU.S.
District Judge Dolly M. Gee who also ordered Sadleir, 68, of Beverly Hills, to pay $282,566 in restitution.Here is the DOJ’s recap of the case; read more details about it below that.The former chairman and CEO of Beverly Hills-based Aviron Pictures was sentenced today to 41 months in federal prison for applying for and receiving $1.7 million in loans under the Paycheck Protection Program (PPP) for Aviron entities when the entire operation was being shuttered because of his embezzlement.William Sadleir, 68, of Beverly Hills, was sentenced by United States District Judge Dolly M.
Gee, who also ordered him to pay $282,566 in restitution.Sadleir pleaded guilty on March 16 to one count of bank fraud and one count of money laundering.In April 2020, Sadleir – who had been terminated from Aviron Pictures four months earlier after a major company investor discovered he had embezzled company funds – filed bank loan applications that fraudulently sought more than $1.7 million dollars in forgivable PPP loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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