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2 investors, including 'Twilight' backer, convicted of fraud
Technology
Published in 27-12-2017
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NEW YORK (AP) Two tech entrepreneurs, including a man who invested in the film studio that made the "Twilight" movies, were convicted of fraud on Tuesday in New York. A federal jury convicted Kaleil Isaza Tuzman, 45, and Omar Amanat, 44, of all charges after a six-week trial. The convictions stemmed from the men's role in the technology startup Kit Digital. U.S. District Judge Paul G. Gardephe revoked Amanat's bail after Assistant U.S. Attorney Andrea Griswold said he was a flight risk and that he could face over a decade in prison. Gardephe agreed a "substantial" sentence was likely. The men were convicted of charges they deceived shareholders of Kit Digital from 2010 to 2012 by falsely inflating the company's revenues.
Reference: www.chron.com