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Appeal court affirms movie producer’s conviction in film financing Ponzi scheme

A panel of Fourth District Court of Appeal justices Monday affirmed the conviction and the 27-year prison sentence of a Laguna Niguel B movie producer for a multi-million-dollar Ponzi scheme that convinced investors to back production of a series of independent films. Mahmoud “Mike” Karkehabadi, 57, was convicted in January of 2013 on 51 felony counts, […]

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