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Film tax-credit scam that ensnared dozens with ties to New Orleans Saints leads to guilty plea

this is a discussion within the Saints Community Forum; The head of a defunct Elmwood movie studio pleaded guilty Thursday to federal charges of selling $1.9 million in nonexistent film-industry tax credits to at least 27 current and former members of the New Orleans Saints organization. Wayne Read, 45, ...

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Old 05-13-2010, 08:47 PM   #1
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The head of a defunct Elmwood movie studio pleaded guilty Thursday to federal charges of selling $1.9 million in nonexistent film-industry tax credits to at least 27 current and former members of the New Orleans Saints organization.

Wayne Read, 45, of Illinois, who once ran Louisiana Film Studios LLC, pleaded guilty to interstate transportation of stolen funds and wire fraud.

Among those who bought tax credits from Read are Saints head coach Sean Payton, quarterback Drew Brees and former Saints star Archie Manning. But state officials said Read never actually applied for the credits.
Film tax-credit scam that ensnared dozens with ties to New Orleans Saints leads to guilty plea | - NOLA.com

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Old 05-14-2010, 06:30 AM   #2
 
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Re: Film tax-credit scam that ensnared dozens with ties to New Orleans Saints leads to guilty plea

Looks like Houser is unemployed now ... Seattle did not resign him. He is being being sued with no means to pay up when he loses his case.
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Old 05-14-2010, 07:54 AM   #3
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Re: Film tax-credit scam that ensnared dozens with ties to New Orleans Saints leads to guilty plea

Help me to understand what Hauser actually did wrong?
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