Sentencing delayed in case involving Saints
by Associated Press
Published: January 13,2011
NEW ORLEANS — Sentencing is being delayed until April 6 for the head of a defunct movie studio who pleaded guilty to selling $1.9 million in nonexistent tax credits to members of the New Orleans Saints.
On May 13, Wayne Read pleaded guilty to interstate transportation of stolen funds and wire fraud. He once ran Louisiana Film Studios, LLC, in suburban New Orleans.
Authorities say Read peddled state film industry tax credits to investors, including Saints head coach Sean Payton and quarterback Drew Brees. But state officials said the credits were never applied for.
According to a federal court filing, authorities say Read needs more time to review a pre-sentencing background report.
Read faces up to 30 years in prison. He had been scheduled for sentencing Jan. 19.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Tenn. company makes unspecified offer to lease hospital
- Study says Nissan subsidies total $1.33B; MDA says overestimated
- Renee Flynt made Craftsmen's Guild president
- Small business owners take picture perfect advantages with Instagram
- Defunct casino to be moved; cost could rise depending on 'crud'
- Nullification and interposition
- Undersecretary: 'I understand the frustration' over catfish inspections
POST A COMMENT