A film producer has been indicted on federal charges of using bogus contracts with foreign distributors to help secure millions of dollars in loans to finance a movie.
Gary Howsam faces one count of bank fraud and six counts of making a false statement in a loan document, according to an indictment returned yesterday by a grand jury in Los Angeles.
The former chief executive of Greenlight Film and Television, Howsam has helped produce dozens of films such as 2002's "Global Heresy" starring Peter O'Toole and 2001's "Ignition" with Bill Pullman. More recently, he was a producer on Showtime's "The Tudors."
After his arrest earlier this month, 60-year-old Howsam was placed on administrative leave from his current post as chief executive of Toronto-based production house Peace Arch Motion Pictures.
The charges stem from loans Howsam obtained in 2000 to finance the production of the film "Going Back."