Former exec pleads guilty to wire fraud
SYDNEY — Ross Henry, former chief financial officer of L.A.-based Village Roadshow Pictures, has paid dearly for his part in a scam which bilked about $10 million from the company.
Henry was sentenced to 30 months in jail Tuesday in the U.S. District Court in L.A. after pleading guilty to charges of wire fraud and “deprivation of honest services.”
Henry admitted wiring money from film production accounts, which was then transferred from bank to bank in various tax havens. The frauds were not discovered until February 2000, two months after he ankled VRP.
Parent company Village Roadshow was able to minimize its losses to about $1.9 million through insurance and being able to reclaim some of that coin.
Henry had been held on remand since March last year after he was arrested at the Los Angeles International Airport, returning from Australia after agreeing to help authorities dealing with the case.
With remissions, he will be eligible for release next April, according to the Sydney Morning Herald.