TV Producer Cops To Stock Fraud, Conspiracy Charges

Law360, Los Angeles (September 8, 2011, 8:05 PM EDT) -- A Hollywood television producer pled guilty Thursday in a California federal court to charges of conspiracy and wire fraud for orchestrating a stock fraud scheme and bilking more than a dozen investors out of millions of dollars.

Drew Savitch Levin, 57, copped to inflating the revenue and stock price of the now defunct Team Communications Group Inc., a Los Angeles-based, publicly traded company that Levin founded and served as CEO for until 2001. In a separate case, Levin admitted to sending a French investor phony bank...
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