Film Exec Gets 4 Years For Ripping Off NFL's Saints

Law360, New York (October 6, 2011, 1:24 PM EDT) -- A film studio executive was sentenced to four years in prison Wednesday for selling fake tax credits to New Orleans Saints players and coaches, ending the criminal investigation into a scheme that has also spawned an ugly court battle between members of the former Super Bowl champs.

U.S. District Judge Martin Feldman further ordered Wayne Read to pay back the nearly $1.9 million Saints players and coaches lost in the scam, in which the defendant sold nonexistent tax credits he claimed Louisiana Film Studios LLC had...
To view the full article, register now.



Case Information

Case Title

USA v. Read

Case Number



Louisiana Eastern

Nature of Suit


Martin L.C. Feldman

Date Filed

March 22, 2010


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.