Producer Arrested for BlackRock Pilfering, Covid Loan Fraud (2)

William Sadleir, the founder and former owner of Aviron Group LLC, misappropriated more than $25 million from a BlackRock trust using a fake company and forged signatures, the DOJ and the SEC said Friday in New York federal district court.

Sadleir, the executive producer behind films starring Matthew McConaughey and Anne Hathaway, misappropriated millions after BlackRock Multi-Sector Income Trust invested at least $75 million in his film distribution business, the Securities and Exchange Commission said in the U.S. District Court for the Southern District of New York.

He was arrested Friday on related criminal charges, the Justice Department said. ...