Lender Says Movie Producer Lied About $15M Loan

Law360, New York (October 3, 2011, 1:00 PM EDT) -- A film producer and owner of an electronic funds transfer service was sued Thursday in California by a onetime business associate who claims his former friend failed to pay back a $15 million loan after blowing the money on a botched film project.

Trust company Fire Glow Holding Inc.'s managing director, Greg Elias, alleges Christopher Mallick lied about the purpose of the loan and the value of his own holdings, including defunct electronic transfer company E Passport.

“Mallick's representations regarding his net worth, the purpose of...
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