Fake Entertainment Producer Sentenced To More Than 21 Years In Prison For $60M Scam

deadline.com:

Fraudster Jason Van Eman, who held himself out as an independent entertainment producer in order to defaud investors, was sentenced Thursday to 262 months in prison by a federal court judge in Miami, Florida.The 44-year-old former actor and alleged producer from Bartlesville, Oklahoma, was sentenced for his role in a financing scheme that defrauded investors out of more than $60 million.

The defendant also was ordered to pay certain victims over $9 million in restitution.The sentence comes after a federal jury in May found Van Eman guilty of conspiracy, wire fraud, and money laundering.According to the evidence, Van Eman held himself out as a film producer and financier, offering to fund independent motion pictures, Broadway shows, music festivals, and other productions.

Van Eman promised the victims (producers and others seeking financing), that his partner (a coconspirator named Benjamin McConley) would match any cash that the victims contributed to their projects.Then, with the combined starting capital (which made the projects more attractive to investors), McConley would apply for and secure financing from financial institutions.Based on these lies, victims sent more than $60 million to accounts controlled by the fraudsters.

Contrary to what Van Eman promised victims, his partner never matched their cash contributions or applied for financing. Instead, Van Eman and his coconspirators stole the victims’ money by transferring it to their personal and corporate bank accounts, often within days of deposit.To make the scam more believable, Van Eman and McConley recruited Benjamin Rafael, a bank employee, whose role was to assure victims that their cash contributions had been matched and that their money was secure –