$44 million stolen from authors in fake book and movie deal scheme, feds say
Briefly

Prosecutors said the company falsely claimed connections with 'literary agents, major motion picture studios and popular video streaming services' to lure aspiring authors into a scam.
'What started with the promise of a Hollywood dream turned into a devastating nightmare for victims,' U.S. Attorney Tara McGrath stated, highlighting the tragedy behind the fraudulent operations.
Federal charges include conspiracy to commit mail and wire fraud and money laundering, revealing the systematic approach the accused took in deceiving over 800 individuals.
McGrath advises, 'Authors should stay vigilant, do their research, and think twice before giving money to anyone promising a blockbuster deal,' underlining the importance of caution.
Read at Sacramento Bee
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