{"id":27810,"date":"2016-11-07T20:22:01","date_gmt":"2016-11-08T04:22:01","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=27810"},"modified":"2016-11-07T20:24:19","modified_gmt":"2016-11-08T04:24:19","slug":"movie-producer-sentenced-18-months-stealing-film-company-cash","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=27810","title":{"rendered":"Movie Producer Sentenced to 18 Months for Stealing Film-Company Cash"},"content":{"rendered":"

<\/span><\/b>\u00a0<\/b>LOS ANGELES<\/strong><\/span><\/p>\n

\n
\"Courtesy
Courtesy U.S. Justice Dept<\/figcaption><\/figure>\n

An independent film producer was sentenced today to 18 months in federal prison for interstate transportation of stolen property related to the theft of nearly $1.5 million that should have gone to his partner in a film production deal, according to officials.<\/span><\/p>\n

U.S. District Judge George H. King<\/strong> sentenced Julio Caro<\/strong>, 57, of Calabasas, for transporting money to New Jersey that had been stolen from an investment company called Yucaipa Corporate Initiatives Fund I, LP.<\/span><\/p>\n

When he pleaded guilty, Caro admitted that he stole nearly\u00a0<\/span>$1.5 million\u00a0<\/span>from Yucaipa over the course of five years<\/span><\/p>\n

\u201cThis defendant stole nearly $1.5 million from a trusted business partner,\u201d said United States Attorney Eileen M. Decker. \u201cHe then furthered his criminal activity by moving the money across the country, making it more difficult for the partner to recoup its losses.\u201d<\/span><\/p>\n

Caro, through his company, Broken Rose Productions, Inc. entered into a limited liability agreement with Yucaipa in early 2005. The resulting LLC, which was called R-Caro Productions, LLC produced two films, including \u201cHomie Spumoni,\u201d which was distributed by Warner Brothers Entertainment.<\/span><\/p>\n

When Warner Brothers sent distribution proceeds to R-Caro, the money should have gone to Yucaipa, which had provided much of the financing for the film. Instead, \u201cCaro stole these funds and used these funds to pay for his personal expenses, including, but not limited to, his mortgage and car lease payments,\u201d according to the plea agreement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0LOS ANGELES An independent film producer was sentenced today to 18 months in federal prison for interstate transportation of stolen property related to the theft of nearly $1.5 million that should have…<\/p>\n","protected":false},"author":1,"featured_media":25313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3],"tags":[],"class_list":["post-27810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-main-slider","category-u-s-department-of-justice"],"yoast_head":"\nMovie Producer Sentenced to 18 Months for Stealing Film-Company Cash<\/title>\n<meta name=\"description\" content=\"A federal judge sentenced a movie producer of an independent film company to 18 Months in prison for stealing film-company cash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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