You will be redirected back to your article in seconds

2 concert exex draw jail time

A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million.

Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation.

He was also fined $ 100,000.

Payne, a production manager, was sentenced to two months in prison, two months house arrest and three years probation. Payne was fined $ 30,000.

The exex, who must surrender to authorities June 10, pleaded guilty last year to two counts of mail fraud and tax evasion for defrauding the rock groups U2, the Rolling Stones and the Grateful Dead, among others, by falsifying $ 943,758 worth of expenses.

The terms of the plea bargain agreement call for the exex to pay back income taxes on money received, as well as to make restitution to the acts. Sources for many of the acts say they have either received restitution, or have worked out future agreements with the firm.

As part of the sentencing agreement, Electric Factory will also reimburse the Intl. Alliance of Theatrical Stage Employees for funds diverted to Francis O’Shea, former company president. O’Shea was sentenced last April to four months in prison. He has since been paroled.

More Music

  • Lykke Li Announces Album, Drops Two

    Lykke Li Announces Album, Drops Two New Songs (Listen)

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

  • German Music Business Slammed Over Anti-Semitic

    German Music Business Slammed Over Anti-Semitic Lyric Controversy at Echo Awards

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

  • MedMen Marijuana Dispensary

    Can Capitalism Find High Times as California Embraces Pot?

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

  • Scoring 'Rampage' Took Composer Andrew Lockington

    'Rampage': Inside the Globe-Trotting Mission to Compose Its Score (Exclusive Video)

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

  • Inside Spotify's Massive David Bowie Subway

    Inside Spotify's Massive David Bowie 'Subway Takeover' (Photos)

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

  • Amazon CEO Jeff Bezos

    Amazon Has More Than 100 Million Prime Subscribers, Jeff Bezos Discloses

    A Philadelphia court sentenced Electric Factory Concerts exex Allen Spivak and Sidney Payne Monday for defrauding several top rock acts of nearly $ 1 million. Spivak, VP and part owner of Electric Factory Concerts, was sentenced to six months in prison, six months house arrest and three years probation. He was also fined $ 100,000. […]

More From Our Brands

Access exclusive content