By Gene Maddaus Senior Media Writer William Sadleir, the ousted chair of indie distributor Aviron Pictures, was arrested Friday and charged with federal crimes on both coasts, alleging that he swindled an investor out of $30 million and defrauded the federal Paycheck Protection Program.
Prosecutors in New York alleged that Sadleir transferred more than $25 million in funds that had been invested in Aviron Pictures, and used much of the money for personal expenses, including to buy a $14 million mansion in Beverly Hills.
Meanwhile, Los Angeles prosecutors accused Sadleir of taking $1.7 million in PPP loans under fraudulent pretenses. According to prosecutors, he used some of the money to pay his and his wife’s American Express bills, and
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