(Reuters) - A Los Angeles-based filmmaker was charged Friday with defrauding Massachusetts of roughly $5 million in arrogant tax credits for dual cinema he done along a state's scenic Cape Cod shoreline.
Daniel Adams, 50, is indicted of fraudulently submitting tax credit applications that claimed farfetched losses associated to 2008's "The Golden Boys" and 2009's "The Lightkeepers," pronounced Brad Puffer, orator for Attorney General Martha Coakley.
Adams was arraigned Friday morning in Boston Municipal Court on dual depends any of creation a fake explain to a state and robbery over $250. He was hold on $100,000 bail.
"We lay that this suspect intentionally defrauded taxpayers by fibbing about his prolongation costs with a purpose of generating appropriation for his films and his possess personal profit," Coakley pronounced in a statement.
Adams was arrested Thursday by Massachusetts State Police. His attorney, Steven Topazio, pronounced authorities charged him this week to keep him in a state while a review continues, out of regard that he would lapse to California.
"It sounds to me that they are perplexing to get discerning fortitude to this. But we can't rush to judgment," Topazio said.
Under Massachusetts law, film prolongation firms are authorised for a 25-percent taxation credit for payroll and filmmaking losses incurred in a state. But in a intrigue prosecutors lay began in 2006, Adams is indicted of intentionally inflating losses when completing forms for a taxation credit.
Prosecutors contend an review that started in 2010 found justification he submitted losses for a dual movies, ensuing in a state overpaying some $4.7 million to his prolongation companies. Prosecutors pronounced one of Adams' fake claims was profitable actor Richard Dreyfuss $2.5 million when his tangible price was $400,000.
The charges lift a limit chastisement of 5 years in prison. A conference is set for Wednesday.
"The Golden Boys," set in a early 20th century, starred David Carradine, Rip Torn and Bruce Dern, while "The Lightkeepers," set in 1914, featured Dreyfuss, Julie Harris, and Blythe Danner. Both were created and destined by Adams.
Adams also destined and wrote "The Big Valley," formed on a classical TV array of a same name that starred Barbara Stanwyck and Lee Majors.
(Reporting by Zach Howard. Editing by Chris Michaud and Bob Tourtellotte)
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