Former Hollywood Executive Gets 6 Years Prison for Defrauding BlackRock Fund

Former Hollywood Executive Gets 6 Years Prison for Defrauding BlackRock Fund
The BlackRock logo outside of its offices in New York on Jan. 18, 2012. Shannon Stapleton/Reuters
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NEW YORK—The former head of a Hollywood movie distributor whose films have starred actors such as Halle Berry and Matthew McConaughey was sentenced on Friday to six years in prison after he pleaded guilty to defrauding a BlackRock Inc. investment fund.

William Sadleir, who ran Aviron Pictures LLC, was sentenced by U.S. District Judge Paul Engelmayer in Manhattan, and also ordered to pay $31.6 million in forfeiture and restitution.