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Producer Grayson Stroud Pleads Guilty to $550,000 Fraud

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variety.com
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Gene Maddaus Senior Media WriterGrayson Stroud, an independent film producer and director, pleaded guilty on Monday to defrauding lenders out of $550,000.Stroud — who was charged under his legal name, Troy Rustill Stroud — admitted that he moved money between various shell companies in order to dupe lenders into believing that he was engaged in legitimate business.Stroud produced or directed several films between 2013 and 2019, including “The Power of Love” starring Vivica Fox, “Patterns of Attraction” and “A Holiday Change.” The films were produced through his company, Stroud Entertainment.The financial crimes were not related to his film production work.Under the plea agreement, Stroud acknowledged that he used the loan proceeds to pay.

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