Copyright lawyer for litigious porn studio hit with bank fraud charges

Porn studio Malibu Media files a lot of copyright lawsuits—more than any other entity in the US. In all, the company has filed more than 4,300 lawsuits since 2009, according to a report by Lex Machina. Malibu relies on a network of attorneys in several states to sue thousands of Internet users for downloading Malibu’s pornographic movies.

Now, one of the main figures behind the litigation, attorney Paul Nicoletti, is in trouble with the law. This summer, Nicoletti was indicted on four charges of bank fraud, stemming from real estate deals he did back in 2005. The charges were unsealed three weeks ago and published on Saturday by the blog Fight Copyright Trolls.

The indictment (PDF) alleges that Nicoletti arranged for several construction bank loans from Fifth Third Bank. Prosecutors say Nicoletti and several co-conspirators used “straw buyers” to arrange for construction loans, who were paid a fee for use of their names and credit histories. The straw buyers wrote false information on the loan applications to qualify, according to the indictment.

Read 9 remaining paragraphs | Comments


Source: Copyright lawyer for litigious porn studio hit with bank fraud charges

Leave a Reply

Your email address will not be published. Required fields are marked *

*