"To convince the bank to lend her money, McDonnell posed as an heiress to McDonnell Douglas, an airplane manufacturing company and defense contractor, according to the feds. The company was purchased by Boeing for $13 billion in 1997. McDonnell also went to other financial institutions and bilked them for more than $15 million with the same scheme, the FBI said. She claimed to have access to a secret $80 million trust account, which did not exist, investigators said."
"Mary Carole McDonnell, 73, is wanted for the massive fraud scheme in Southern California, according to the FBI's press release. She's believed to be hiding in Dubai. Prior to the fraud and her disappearance, Bellum Entertainment was sued by multiple parties. One lawsuit said Bellum bailed on multimillion-dollar contracts, while others accused the company of not paying its employees. In November 2017, McDonnell's nephew told Deadline even he was owed $10,000 for work done at his aunt's company."
Mary Carole McDonnell, 73, is wanted by the FBI for an alleged $30 million bank fraud scheme carried out in Southern California. McDonnell previously ran Bellum Entertainment, a production company behind true-crime shows, which entered financial trouble in 2017. From July 2017 through May 2018, McDonnell allegedly obtained $14.7 million in loans from Banc of California by posing as an heiress to McDonnell Douglas. She allegedly bilked other institutions for more than $15 million and falsely claimed access to a secret $80 million trust account. An arrest warrant was issued in December 2018, and she is believed to be hiding in Dubai. Bellum faced lawsuits alleging unpaid contracts and wages.
Read at www.mercurynews.com
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