2 Surrender in Video Fraud Case
Two of four suspects 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 Monday afternoon.
Kim was arraigned Tuesday in Los Angeles Municipal Court on charges of conspiracy and grand theft. Vigil was scheduled to be arraigned on those charges today.
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 was set at $50,000 for each of the men.
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 today in New Jersey,, according to Sandi Gibbons, a spokeswoman for the Los Angeles County District Attorney’s Office.
Gibbons said it was not certain whether the men would fight extradition to Los Angeles.
The scheme allegedly centered on the formation in 1987 of Ollinor Video Products, Inc., which Taccetta allegedly helped set up. Kim was president of the Chatsworth company, Vigil was a salesman, and Gottheimer helped establish lines of credit, according to court records.
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.
Charges filed Friday against the four men grew out of a three-year investigation.