NEW YORK—U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal CCP virus emergency relief program and a BlackRock investment fund, including to pay for a Beverly Hills mansion and other luxuries.
Prosecutors said William Sadleir, 66, diverted much of the $1.7 million of loans he received on May 1 from the Paycheck Protection Program (PPP) for personal expenses.
