Jonathan Lee Smith, CEO of two Hollywood production companies specializing in the production of reality TV shows, has agreed to plead guilty to cable fraud to secure a $ 2 million business loan through fabricated documents and fake representations of the financial situation of its companies.
Smith, who managed or owned Hoplite Entertainment and Hoplite Inc., agreed to plead guilty to the felony offense, carrying a maximum sentence of 20 years in federal prison.
“To convince a private lender to finance a $ 2 million loan last year, Smith falsely represented that his two companies had accounts receivable of $ 3,348,000, and he submitted forged license agreements and other forgeries to support the claim, ”the US attorney’s office in Los Angeles said. Angeles, who continued the case, said Tuesday. “To convince the private lender to give him more time to repay the loan, according to court documents, Smith falsely stated that payment was imminent. He also emailed a fake recording showing an electronic payment of $ 100,000 from Hoplite, Inc. to the lender. In fact, the loan was never repaid.
As part of the plea deal, Smith agreed to pay $ 2 million in restitution. He is scheduled to appear for the first time in the case in U.S. District Court in Los Angeles on July 6. The FBI investigated the case and US Deputy Attorney Alexander B. Schwab of the Major Fraud Section is suing.
Hoplite Entertainment has produced reality shows such as Demolition Plan, Ink Therapy, Equipped, Culinary Getaways, Loaded and Deleted, Hot Spots, Recipe Hunters, Drone Wars, Slope Slap, Back in the Game, Live Aloud and We bought a vineyard.