Los Angeles, CA – Former film producer David Ozer pleaded guilty on Thursday to one count of wire fraud in a federal court, admitting to defrauding an investor in his company, Safehaven Entertainment. This plea follows a multi-year investigation into Ozer’s financial dealings and marks a significant development in the case.

According to court documents, Ozer, known for his work on films like “The Crazies” and “The Hitman’s Bodyguard,” raised money from an investor under the guise of developing a film project, “The Adventures of the Red Baron.” However, instead of using the funds for the film’s production, Ozer allegedly spent the money on personal expenses, including luxury travel, dining, and gambling.

The indictment further alleges that Ozer misled the investor by creating fraudulent documents and making false statements about the film’s development. He also allegedly failed to disclose the true nature of his financial situation, including outstanding debts and previous bankruptcy filings.

Ozer’s plea deal, which includes a forfeiture of assets and potential restitution to the victim, is expected to be finalized in the coming months. He could face up to 20 years in prison and a hefty fine.

This case serves as a stark reminder of the importance of due diligence when investing in film projects. Investors should thoroughly investigate the financial background of producers and ensure that funds are being used for the intended purpose.

The guilty plea also raises questions about the accountability of individuals in the entertainment industry and the potential for financial misconduct. It remains to be seen what impact this case will have on Ozer’s career and the future of Safehaven Entertainment.

Stay tuned for further updates on this developing story.