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

Attached Thumbnails · 05-13-2010, 09:47 PM

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

SmashMouth · 05-14-2010, 07:30 AM

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.

skymike · 05-14-2010, 08:54 AM

Help me to understand what Hauser actually did wrong?

05-13-2010, 09:47 PM	#1
Threaded by Saintswrath +Mod Join Date: Oct 2005 Location: Between 504 & 813 Posts: 1,776 Blog Entries: 4 Rating: (0 votes - average) 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 Attached Thumbnails
Views: 3302

05-14-2010, 07:30 AM	#2
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,200 Blog Entries: 29	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.

05-14-2010, 08:54 AM	#3
skymike E. Side Cholo Join Date: Sep 2008 Location: The Barrio, H-town Posts: 6,089	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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