Owner Of CityScope Productions Gets 30-Month Prison Sentence For Wire Fraud

Acting U.S. Attorney Stephen M. Schenning announced Friday the owner of CityScope Productions, LLC was sentenced to 30 months in prison for defrauding lenders to obtain “bridge financing” for a movie.

Fifty-three-year-old David T. Odom of Chicago, Illinois conspired with 50-year-old Darryl Wesley Clements of Detroit, Michigan and 40-year-old Rodney Patrick Dunn of Elkridge, Maryland. Clements previously pleaded guilty to wire fraud and Dunn pleaded guilty to receipt of a bribe by a bank official, according to court documents.

PrisonOdom met Cements, when he was seeking financing for a movie called “Season Tickets.” Clements represented CityScope as having permanent financing of $13 million for “Season Tickets” from The Shah Group and Bridge. He created fraudulent documents that showed the funds were being held in escrow in a Baltimore bank, where Dunn was a bank officer.

Dunn and Clements had made an agreement that when lenders tried to verify the escrow accounts, he would text Clements, who would then return the call to the lender, posing as the bank officer, Rodney Dunn. In return for the favor, Clements would connect Dunn with professional athletes, so you could advance his career into the sports industry. Clements also bribed Dunn with cash payments.

Clements made emails that looked like they belonged to The Shah Group and Dunn. In 2011, Dunn bought five $20 cashier’s checks made payable to Clements, who changed the checks to make it look like they were worth $4 million, prove of funding. Odom would provide the false documents to lenders.

In 2011, a finance company from California loaned CityScope $2.5 million for movie expenses. Prior to this, Odom’s home was foreclosed, which he purchased back for $821,000 with the bridge loan proceeds. He also purchased two vehicles for $60,000 and spent $6,000 on an “exotic western Caribbean cruise.” Clements received $200,000, while Dunn never received any money, just a promise.

The California finance company sought repayment for the loan, leaving Dunn messages, which were passed on to Clements, who told the bank the loan repayment had been sent to CityScope. Odom said CityScope had not received the funds and sent a “demand letter” to the bank, where Dunn worked. Then bank filed a lawsuit against Odom and others to recover its loan.

Clements used money from another loan fraud to pay CityScope $2 million and part of that money was used to repay the California bank.

Clements was sentenced to 18 months in prison on April 28 and Dunn was sentenced to 30 weekends of incarceration. In addition to the prison sentence, Odom was ordered to pay $700,000 in restitution and forfeit about $821,000.

Leave a Reply
Previous Post

Former CFO Of Revolution Pleads Guilty To Identity Theft And Wire Fraud

Next Post

19-Year-Old Girls Shot In Knee, Hip In Baltimore’s Northwest District

Related Posts