Category: investment fund

Former Hollywood Executive Gets 6 Years Prison for Defrauding BlackRock Fund

NEW YORK—The former head of a Hollywood movie distributor whose films have starred actors such as Halle Berry and Matthew McConaughey was sentenced on Friday to six years in prison after he pleaded guilty to defrauding a BlackRock Inc investment fund. William Sadleir, who ran Aviron Pictures LLC, was sentenced by U.S. District Judge Paul…


Luxembourg Fund Industry Is a $5.4 Trillion ‘Black Box,’ Investigation Says

LONDON—Luxembourg’s investment fund industry is a financial “black box” that helps people launder illicit money and avoid tax, according to an investigation published on Monday whose findings were rejected by the EU nation. The OpenLux investigation by journalists from a group of media organizations, including Le Monde, Le Soir, the Miami Herald, and Sueddeutsche Zeitung,…