Guilty verdict against 3 in film tax credit scheme
NEW ORLEANS- A jury has returned guilty verdicts against three people for their role in a conspiracy to commit mail and wire fraud as part of a film tax credit scheme.
U.S. Attorney Kenneth A. Polite says the jury found 65-year-old Peter M. Hoffman, his estranged wife, 69-year-old Susan Hoffman, and 49-year-old Michael P. Arata guilty Monday of conspiracy to commit fraud in connection with the rehab of a dilapidated mansion that they turned into a film post-production studio.
Peter Hoffman faces up to 405 years in prison; Arata faces up to 185 years in prison and Susan Hoffman faces 45 years in prison.
Sentencing dates were not set.
Jurors deliberated for about 10 hours over two days, after hearing two weeks of trial testimony.
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