×

Bryan Singer Accuser Michael Egan Indicted on Securities Fraud Charges

Michael Egan, who accused Bryan Singer and other industry figures of sex abuse when he was a minor in the late 1990s, has been indicted on securities and wire fraud charges in Charlotte, N.C.

Egan, 32, allegedly “engaged in a fraudulent investment scheme by inducing his victims to enter into various fictitious business and investment contacts,” according to the U.S. Attorney’s Office in North Carolina.

After filing civil suits against Singer last spring, Egan dropped his litigation. Singer denied the claims and his attorney, Martin Singer, threatened to sue Egan and his then-attorney, Jeffrey Herman, for malicious prosecution. Another person he accused, Garth Ancier, is pursuing claims of malicious prosecution in a Hawaii federal court.

According to the grand jury indictment, Egan promised that he would invest money in projects like Halloween-themed attractions, land development, investment deals and TV shows but he did not do so. The indictment claims that Egan lied about his financial background and personal assets.

“For example, the indictment alleges that Egan forged brokerage account statements to reflect fraudulent business practices when, in reality, those accounts had no money or a fraction of the purported amount,” according to the U.S. attorney.

Federal authorities allege that Egan used the money to fund his lifestyle, including paying for rent, medical bills, groceries and restaurants.

If convicted, Egan faces a maximum of 20 years in prison and a $5 million fine for the securities fraud count and a 20-year prison term and $250,000 fine for the wire fraud count.

Calls to contact numbers for Egan in court records were not immediately returned.

Popular on Variety

More Biz

  • Led Zeppelin Stairway to Heaven

    Department of Justice Backs Led Zeppelin in ‘Stairway to Heaven’ Copyright Case

    The U.S. Department of Justice has weighed in on the next big music copyright case on the horizon following the Katy Perry “Dark Horse” decision, and taken Led Zeppelin’s side in the long-running copyright dispute that pits the writers of the group’s anthem “Stairway to Heaven” against the publishers of the earlier song “Taurus” by [...]

  • Harvey Weinstein

    Harvey Weinstein Prosecutors Make Last-Minute Move to Bolster Case

    The Manhattan D.A.’s office is making a last-minute bid to strengthen its case against Harvey Weinstein, who is set to be tried next month on charges of rape and sexual assault. Prosecutors notified the court on Tuesday that they will seek a new indictment. The D.A.’s office wants jurors to hear from Annabella Sciorra, the [...]

  • Jeffrey Epstein

    Jeffrey Epstein's Autopsy Rules That He Died by Suicide

    Jeffrey Epstein’s death earlier this month has been ruled a suicide by hanging. The New York Times reported on Friday that the city’s medical examiner has officially made the ruling six days after Epstein was found dead in his jail cell at the Metropolitan Correctional Center in Manhattan. According to the Times, which cites a [...]

  • America Ferrera Eva Longoria

    America Ferrera, Eva Longoria and More Sign Letter to Latinx Community: 'We Will Not Be Broken'

    America Ferrera, Eva Longoria and more have signed a letter published in several media outlets on Friday standing in solidarity with the Latinx community. In response to the heightened tension surrounding President Trump’s immigration agenda, the El Paso shooting that targeted Latinx people and the ICE raids in Mississippi, the letter addresses the language used [...]

  • Research Firm Screen Engine/ASI Acquires TicktBox

    Screen Engine/ASI Acquires TicktBox, an Entertainment Marketing and Ticketing Startup

    Screen Engine/ASI, a market research firm that specializes in focus-group testing of movies and TV pilots, has acquired ticktBox, which operates a digital marketing and ticketing platform used by movie distributors, exhibitors, and TV networks. Terms of the deal, which closed Aug. 9, weren’t disclosed. With ticktBox, SE/ASI will have one of the largest databases of [...]

  • NEW YORK, NEW YORK - AUGUST

    Eric Reid, Jemele Hill – and Colin Kaepernick? - Take Jay-Z to Task Over NFL Partnership

    When news of the presumably lucrative entertainment and social-justice deal between Jay-Z’s Roc Nation and the NFL leaked on Tuesday, initially there was a surprising lack of public reaction or outcry. But after a press conference where Jay and NFL commissioner Roger Goodell officially announced the deal at Roc Nation’s New York offices yesterday — [...]

More From Our Brands

Access exclusive content