Man who scammed & # 39; $ 14 million from investors for a fake Netflix action movie with Davy Crockett theme & # 39; and who bought a house of $ 5 million with the money is arrested for federal fraud
- Adam Joiner, 41, operated a film company called Dark Planet Pictures
- He is accused of cheating investment firms in China and South Korea with $ 14 million by falsely telling them that Netflix was distributing his film
- The action movie – Legends – is said to be based on legendary historical figures, including Davy Crockett and Calamity Jane
- Authorities said that Joiner used about $ 5 million of the investors' money to buy his house in Manhattan Beach
A Californian man has been arrested for allegedly raising $ 14 million from investors by falsely telling them that their money would be used to produce a Netflix movie.
Adam Joiner, who operated the Dark Planet Pictures company, is accused of cheating on investment firms in China and South Korea by mistakenly telling them that Netflix was distributing his film and that it concerned notable Hollywood characters.
The 41-year-old allegedly forged investment firms into distribution agreements that led them to believe the film was made and distributed by Netflix.
The film – called Legends – was described as an & # 39; anachronistic mash-up & # 39; of legendary and historical figures from nineteenth-century America, including Davy Crockett, Calamity Jane, Paul Bunyan and John Henry.
It is still on IMDb as in pre-production, but it is not clear which actors Joiner had told that investors were part of the project.
Adam Joiner, who operated Dark Planet Pictures, is accused of cheating investment firms in China and South Korea by mistakenly telling them that Netflix was distributing his film
Authorities said that Joiner used about $ 5 million of investors' money to buy his home in Manhattan Beach and transferred another $ 4.3 million to a bank account linked to another possible film he developed.
The carpenter surrendered Tuesday to face federal charges for wire fraud, money laundering, and aggravated identity theft.
He can get 32 years in prison if he is convicted.
Researchers say Joiner's plan began in 2015 when he first approached Korean investment partners and gave them a script for the film, which he said was written by his brother.
He would then have given them a false distribution agreement that looked as if it had been signed by a Netflix director.
The film – called Legends – was described as an & # 39; anachronistic mash-up & # 39; of legendary and historical figures from the America of the nineteenth century. It is still on IMDb as in pre-production
The action movie – Legends – is said to be based on legendary historical figures, including Davy Crockett and Calamity Jane
That investment firm agreed to invest $ 8 million in the project and conducted the first half to Dark Planet Pictures in April 2016.
Joiner then concluded an agreement with the Chinese company Star Century Pictures Co. and allegedly gave them the same fake Netflix distribution agreement.
Joiner told investors that the well-known producer Don Murphy had agreed to work on the project. While Murphy was being held to produce the film, he ended his arrangement with Joiner in mid-2017
They transferred $ 6 million to Dark Planet Pictures in June 2016.
Joiner gave the two investors updates about the film, among which the well-known producer Don Murphy had agreed to work on the project, according to the criminal complaint.
Although Murphy was detained to produce the film, the authorities say that no talent has been identified or secured and that no director has committed himself to the film.
Murphy ended his arrangement with Joiner in mid-2017.
Joiner would have told investors at the end of 2016 that he had terminated his agreement with Netflix and had signed a new deal with Amblin Partners, the company behind the Academy Award-winning film Green Book.
Executives at Netflix and Amblin Partners both said they never had any similarities with Joiner for his film.
The so-called new distribution agreement provided another $ 4 million in investments from the South Korean company in early 2017.
Authorities say that after the last transfer, Joiner gave a number of excuses why the film did not advance.
He allegedly provided a fake copy to South Korean investors to prove that he would repay their investment.
Adam Joiner is accused of scamming $ 14 million from investors for a fake Netflix movie. Authorities say he used $ 5 million of that money to buy this house in Manhattan Beach, California
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