Omar Amanat Arrested, Charged in Kit Digital Share Fraud

July 18, 2016, 4:00 AM UTC

An investor who was once described as “the most powerful person in Hollywood you’ve never heard of,” was arrested and charged with participating in a conspiracy to defraud investors in Kit Digital Inc.

Omar Amanat, who lives in New York and New Jersey, was arrested at 6 a.m. July 13, according to Nicholas Biase, a spokesman for the U.S. Attorney’s Office in the Southern District of New York.

His arrest widens the criminal case against Kit Digital, a technology startup. The company’s former chief financial officer, Robin Smyth, pleaded guilty to fraud in March. Kaleil Isaza Tuzman, the company’s former ...

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