Feds Want TV Producer To Serve 7 Years For Stock, Wire Fraud

Law360, New York (October 29, 2012, 5:35 PM EDT) -- The U.S. Department of Justice on Friday pressed for no departure from an agreed-upon seven-year prison term for a Hollywood television producer who copped to securities and wire fraud, arguing the sentence is fully justified by the producer's wrongdoing.

Prosecutors said Drew Savitch Levin waged a “decade-long war of fraud” against thousands of shareholders, investors and creditors around the world who bought into his schemes, such as the one he ran when he was the CEO of a publicly traded entertainment company he drove into bankruptcy...
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