Film producer, John Bennett has chosen to plead guilty to securities fraud. He delivered his plea to a federal court in New York City.
The securities fraud scheme in question pertains to the illegal trading of pharmaceutical stock. The 46-year-old producer and his friend earned over $1 million by operating this scheme. They were aiming to pocket more than $2.6 million by the end of the securities fraud scheme.
Having collected the money illegally, Bennett could face up to 45 years in prison if he is convicted on the charges of securities fraud and conspiracy. The sentencing is scheduled for April 23.
If you have information regarding securities fraud, please contact the securities fraud lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.



