Parker sentenced to 55 months for conspiring to defraud investorsAugust 21,2013Vermont storyteller Malcolm “Mac” Parker was sentenced to more than four and a half years in jail Wednesday for his role in defrauding hundreds of investors who put money into the film “Birth of Innocence.”
Two days after the films silent partner Louis Soteriou was sentenced to seven years in jail for pocketing almost $4 million of the $28 million raised over the course of a decade on the film, Parker, who was described as the face of the film and the trusted community figure who solicited funds from friends, family and neighbors, apologized to his victims and promised to spend his life working to make restitution payments on the roughly $9 million that was diverted over 10 years.
Federal prosecutors and Parker’s attorney both asked the court to hand down a reduced three-year jail sentence to reflect Parker’s cooperation and his aid in prosecuting Soteriou.
But Judge Christina Reiss decided that while Parker’s cooperation warranted some reduction from the 72-month sentence that federal guidelines called for, she said she was concerned about his lack of accountability for the crime.
While Parker pleaded guilty to conspiring to defraud investors, the judge said deflecting statements that he made from the stand while testifying against Soteriou on Monday troubled her. Of equal concern, she said, was Parker’s willingness to blame Soteriou’s influence for his actions despite the fact that Parker continued to solicit money and lie to investors after he realized that Soteriou was not going to be able to deliver on his promise of repaying the debts.MORE IN This Just InSOUTH BURLINGTON - The Vermont Gas Systems natural gas utility says its estimate to complete... Full StoryWASHINGTON — Two senior Islamic State group leaders were killed in U.S. Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: In 1972, Christmas bombing of North Vietnam ordered by President Richard Nixon, most lethal strikes of the war; in 1989, U.S. invades Panama to depose, arrest and charge Gen. Manuel Noriega with drug trafficking, racketeering.
- TOMORROW'S HEADLINES TODAY: Gov. Peter Shumlin announces demise of his single-payer health insurance initiative; convicted first-degree murderer Alan Prue sentenced to 50 years for killing teacher Melissa Jenkins; veterans chafed about park naming snub.
- RICHARD'S POOR ALMANACK: In 497 BC, first Saturnalia festival celebrated in Rome, Scandinavians retain 'Yule Goat' as symbol of season, Krampus, evil side of holiday cheer, terrorizes children into better behavior, more advice from Christopher Hitchens.
- RICHARD'S POOR ALMANACK: In 533 AD, Byzantine Emperor Justinian I gets the old empire back together again routing the Vandals from Carthage; in 1890, Lakota Chief Sitting Bull is killed at his home in South Dakota; in 1970, Soviets land probe on Venus.
- DUANE CARLETON: Rutland Herald Events Editor George Nostrand interviews musician Duane Carleton, whose new CD 'A GIRL LIKE THAT' drops Thursday, Dec. 18, 2014, and will be celebrated that evening with a show at 9:30 p.m. at Killington's Pickle Barrel.
- RICHARD'S POOR ALMANACK: Sigisimund, king of Hungary, creates Order of the Dragon to defend the West against Ottoman Turks; Chong Ho escorts 300 virgins to China; J. Bruce Ismay born this day, built Titanic, gets free trip, does not go down with the ship.