NEW YORK (CBSNewYork/AP) — A talent agent for film, television and Broadway actors pleaded guilty in New York Wednesday to stealing more than a half million dollars from clients after spending lavishly on himself.
Peter Strain of Studio City, Calif., pleaded guilty in federal court in Manhattan to interstate transportation of stolen property.
According to prosecutors, Strain repeatedly lied to three actors in television shows about payments for their acting so he could use the money himself.
Strain was accused of siphoning money owed to clients between 2011 and 2013.
Prosecutors said Strain used clients’ money to buy more than $161,000 in jewelry, $310,000 in artwork and $57,000 in luxury goods.
Strain faces up to 10 years in prison when he is sentenced on April 30.
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