Former accuser of Hollywood director charged with wire fraud

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A man who had accused "X-Men" director Bryan Singer of sexual abuse

when he was a teenager but later dropped his lawsuit has been charged

with securities and wire fraud for running a fraudulent investment

scheme, officials said on Wednesday.

A grand jury in Charlotte, North Carolina, on Tuesday indicted Michael

Francis Egan III, 32, who is a former resident of that community, for

operating the scheme from 2007 to 2012, U.S.

Attorney Anne Tompkins' office said in a statement released by the

Federal Bureau of Investigation.

During that time, Egan falsely convinced investors he was a close

associate of the chief executive of a major bank and that he owned

stakes in famous Las Vegas hotels, the U.S. Attorney's Office said.

Egan promised people who gave him money he would invest in projects

such as Halloween-themed attractions, land development and television

shows; instead, he spent the money on his rent, car lease, pet care

and living expenses, according to Tompkins' office and the FBI.

Egan will be ordered to appear in court and faces a maximum sentence

of 20 years in prison if convicted of securities fraud and a similar

sentence if found guilty of the wire fraud charge against him.

An attorney for Egan could not be reached for comment.

Egan earlier this year filed high-profile civil lawsuits accusing

"X-Men" director Bryan Singer and three Hollywood executives of

abusing him as a teenager.

But after Singer filed a motion to dismiss the lawsuit, calling the

claims a "sick, twisted shakedown," Egan filed a motion for voluntary

dismissal of the case against the movie director. Egan's similar

lawsuits against three other Hollywood executives were also dismissed.

Credit: Reuters

Kofi Oppong Kyekyeku

I am a Ghanaian Broadcast Journalist/Writer who has an interest in General News, Sports, Entertainment, Health, Lifestyle and many more.

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