By Ron Hurtibise From South Florida Sun Sentinel FORT LAUDERDALE, Fla.—They say the movie business is about the art of creating illusion—making an audience believe what cannot possibly be real. A complaint filed Aug. 13 by the Securities and Exchange Commission accuses a Fort Lauderdale-based movie producer of duping investors by creating an illusion that they were helping to finance a busy studio with multiple films in production, a deep library of existing films with well-known stars, and a large South Florida production facility. Scott Gordon Venters, 59, president and CEO of The Movie Studio, misrepresented his company, The Movie Studio, as a successful business with a bright future when it raised $1.2 million from about 70 investors, then spent the money on his “lavish lifestyle” and to pay a “paramour” he hired as a “consultant,” the complaint states. The company’s stock is publicly traded on the Over The Counter …
South Florida Film Producer Duped Investors With Lies, SEC Suit Says
August 18, 2021
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