How Two Indie Producers and a Former Wells Fargo Employee Allegedly Scammed Investors for Millions

How Two Indie Producers and a Former Wells Fargo Employee Allegedly Scammed Investors for Millions
Two executive producers, whose credits include the 2018 Sundance hit “The Tale,” are facing federal fraud and money laundering charges for allegedly running a scheme to bilk millions from investors who thought they were backing independent film projects. According to their indictment, the men instead used the money to spend lavishly on themselves: luxury cars, private air travel, real estate, and more.

Jason Van Eman, who heads the Oklahoma-based WeatherVane Prods., and producer Ben McConley allegedly teamed with a former Miami-based Wells Fargo Bank employee, Benjamin Rafael, who helped pull off the scam.

According to the indictment, McConley and Van Eman lured potential investors with the promise of “matching” their investments dollar for dollar, which they claimed to use to secure a loan to pay for the film’s production. The victim would transfer money to accounts controlled by the men, which they would use for their own purposes. Rafael would
See full article at Indiewire »

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