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Feds charge 2 in film tax credit case

4 years 3 weeks 3 days ago April 06, 2013 Apr 6, 2013 Saturday, April 06 2013 April 06, 2013 5:02 PM in News
By: Associated Press

BATON ROUGE - The owners of two Baton Rouge film production companies are each charged by federal prosecutors with participating in a conspiracy that cost Louisiana taxpayers at least $1.2 million.

The Advocate reports that Daniel Garcia and Matthew Keith are each charged in a federal bill of information with allegedly working with unnamed others in a conspiracy to commit wire fraud.

Prosecutors say Garcia owned and operated DMG Holdings LLC and Louisiana Film Finishers LLC. Matthew Keith owned and operated Dirty District Entertainment LLC.

The case involves the Louisiana Motion Picture Industry Development Tax Credit Program. It is designed to encourage film and video production in the state. It provides a 30 percent state income tax credit on qualified expenditures for the production of films in Louisiana.

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