Utah filmmaker Richard Dutcher told a federal court jury Monday that
Rick Koerber put about $5 million from his real estate investment
operation into a sexy horror movie called “Evil Angel,” with the goal of
earning enough money to make another film about LDS Church founder
Joseph Smith.
Dutcher testified at the beginning of the fourth week of trial for
Koerber, who’s facing 18 charges that allege he took in about $100
million in investments and returned nearly half that back as interest
payments in an alleged Ponzi scheme.
An indictment alleges that Koerber told investors their money would go
to purchase single-family homes but that he also spent money for
restaurants, personal expenses like luxury autos and the Dutcher movie.
Accused real estate guru invested in sexy horror flick to raise funds for movie on Mormon church founder Joseph Smith - The Salt Lake Tribune
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