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Movie Producer Gets 6 Years for Scamming BlackRock Trust

  • William Sadleir was sentenced Friday in federal court in N.Y.
  • He diverted more than $30 million of a BlackRock investment
William Sadleir
William SadleirPhotographer: Todd Williamson/Getty Images
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A Hollywood producer will spend six years in federal prison for scamming a BlackRock Inc. trust out of more than $30 million it invested in his company.

William Sadleir, 68, was sentenced on Friday by US District Judge Paul A. Engelmayer in Manhattan, who also ordered him to pay nearly $32 million in forfeiture and restitution.