investigation

Productivity Media Suspends CEO Amid Financial Investigation

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Film production and financing company Productivity Media Inc. has suspended its CEO amid an investigation into allegations of financial mismanagement, the company says. The Hollywood ReporterIt recently informed investors that its executive team had hired auditor PricewaterhouseCoopers to audit its books and review loans. “We can confirm that a confidential investigation is ongoing and that … Read more

Justice Department investigation alleges Russia sent $10 million to U.S. media company

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The Justice Department on Wednesday announced charges against two Russian state media employees for diverting $10 million to an unidentified media company in the United States. The criminal case names two defendants, Kostiantyn Kalashnikov and Elena Afanasyeva, both charged with conspiracy to commit money laundering and violating the Foreign Agents Registration Act. Their scheme was … Read more