2 Surrender in Video Fraud Case
Two of four men charged in an alleged $1-million video fraud case surrendered to authorities Monday in Los Angeles.
San Fernando Valley businessmen Chull Wook Kim, 46, and Walter Vigil, 46, were booked into the main County Jail. They are scheduled to be arraigned this morning in Los Angeles Municipal Court on charges of conspiracy and grand theft, according to the Sheriff’s Department.
The two are accused of participating in a scheme involving a bogus video company that allegedly defrauded videotape and equipment suppliers out of more than $1.2 million. Bail for each was set at $50,000.
The alleged mastermind of the scheme, Martin Taccetta, 38, of Florham Park, N.J., and another man, Barry Gottheimer of Newark, N.J., were scheduled to turn themselves in Wednesday in New Jersey, according to Sandi Gibbons, a spokeswoman for the district attorney’s office.
The alleged scheme centered on the formation in 1987 of Ollinor Video Products Inc., which Taccetta is accused of helping to set up.
Ollinor ordered videotape, cassette shells and winding equipment. The company then sold the tape and defaulted on its payments to its suppliers, according to court records.
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