A movie distributor who admitted bilking a Canadian film company out of more than $ 300,000 was sentenced Tuesday to more than six years in prison.
Howard Goldfarb, 50, also was fined $ 40,000 by Superior Court Judge Gordon Ringer and ordered to pay $ 377,500 restitution to Pryceless Prods. Ltd. and $ 64,403 to the California Franchise Tax Board.
Goldfarb pleaded guilty in June to grand theft and failure to pay personal and corporate income taxes on money he received from MCA, deputy district attorney Richard Rosenthal said.
Goldfarb agreed in 1988 to distribute “Revenge of the Radioactive Reporter” for Pryceless Prods. and sold the film’s foreign distribution rights to MCA, which paid him $ 550,000, Rosenthal said.
Goldfarb never paid Pryceless, the prosecutor said, and failed to file tax returns on the money he received from MCA.